Turnkey investing is a catchy phrase that sounds pretty intriguing to investors of all levels of experience. But turnkey is kind of…
Rent collection is probably going to be one of your most gratifying responsibilities as a landlord. It’s a deceptively simple practice—all you have to do is collect money from your tenants at the first of the month (or whatever date is specified by your lease agreement)—and you’ll enjoy the influx of cash however you like.
The profitability of your rental property depends on your major source of income—rent from tenants. If all goes well, you’ll be able to collect rent, reliably, on a monthly basis, in excess of your ongoing expenses. You’ll easily meet all your ongoing costs, with a bit left over to serve as profit, all while your… [Read More]
If you’re a landlord, you probably have a lease agreement or rental agreement for your tenants, outlining the rules and restrictions for the property, setting rent prices, and outlining a period of time during which the agreement is active. If a tenant breaks the lease agreement early by moving prematurely, they may face a penalty… [Read More]
Nobody rents out a property thinking they’ll need to evict a tenant later on, but sometimes eviction becomes necessary. A tenant who starts off stable could lose their job unexpectedly and be left without a reserve to pay their rent. Sometimes tenants are on their best behavior until they get into the unit and then… [Read More]
You didn’t want it to come to this—no landlord does. The eviction process is messy and intimidating if you’ve never had to file one before, but in some cases, you don’t have much of a choice. To preserve the integrity of the property and begin collecting rent on time once again, you need your tenant… [Read More]
Sometimes tenants can be difficult; but as with most things in life, tenants are temporary. Or at least they should be. Unfortunately, as some unlucky landlords have found out, some problem tenants don’t want to leave. So what can you do? When dragging tenants out by their shirttails won’t do, it’s time to check into… [Read More]
Evictions are very serious, and if you’re preparing to evict a tenant for the first time, it’s critical that you understand how to handle the process. Specifically, you need to know how to approach the actual eviction day.
Eviction is a messy process. It’s stressful, time consuming, and often financially costly. Most landlords are lucky enough to avoid having to go through evicting a tenant, but others aren’t so fortunate. When these unfortunate cases do crop up, it’s important to follow the letter of the law. As a landlord, you can’t evict a… [Read More]
As a landlord, it would be nice to have tenants who always pay on time, take care of your property, and provide ample notice before moving out. However, the reality is often very different. Even if you have taken care to choose tenants you think are reliable and professional, things can go wrong. It’s common… [Read More]
There are some parts of being a landlord that nobody wants to go through. However, sometimes circumstances demand it. While leasing your Houston property, you may come up against the unpleasant need to evict a tenant. Eviction is a last resort, but is necessary in certain unfortunate situations.