News from Green Residential and around the world of Property Management and rental homes in Houston and Austin.
Insurance is not a favorite topic, but it’s an important one. And for homeowners, it can mean the difference between protecting your investment at an affordable rate and overspending for poor coverage that leaves you vulnerable to expensive problems and issues down the road.
Water damage…the words alone are enough to make any homeowner shudder with fear. But if you own rental properties, you’re going to eventually face a situation where you have to deal with water damage. What do you do? Who is responsible? Where do your renters go? Questions like these abound – so make sure have
Although investment properties often yield a predictable cash flow and healthy margins, they can also open you to substantial levels of risk. Those risks are significant enough that some people just avoid this form of investment.
Becoming a landlord is exciting; you’ll have an opportunity to make significant income, month after month, with a minimal investment of time and effort. But remember, landlords have legal responsibilities to their tenants, and if you fail in any of those responsibilities, you could be held liable for the resulting costs or damages.
Anyone with the right amount of money, a healthy credit score, and access to resources can purchase investment properties and become a landlord. However, there’s a huge difference between being a landlord and being a successful landlord. The latter requires patience, foresight, intelligence, and strategic action. Just because the barriers to entry are relatively low
Though most landlords will tell you their job is rewarding, they’ll also tell you it’s not without great personal risk, and that landlord insurance is one of the best investments you can make. A simple policy can mean the difference between seeing a profit and shelling out thousands a month for legal and property damages.