Real Estate Listing Photos: 6 Mistakes to Avoid
Getting a house ready to put on the market takes a lot of work. From repairs to finances and everything in between,…
How to Lose the Shirt Off Your Back Investing in Rental Property
When the real estate market is as hot as its been over the past decade, it’s easy to get caught up in thinking rental property investing is a guaranteed cash cow. But while it can be a prosperous method of generating income, it can also lead to dire financial consequences for those who are ill-prepared… [Read More]
What to Do When Your Texas Tenant Doesn’t Pay Rent
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]
Should You Offer “First Month” Deals on Rent to Attract New Tenants in Houston?
You’ve probably seen ads offering reduced rent, free rent, or other discounts to tenants for the first month. Discounts are a central part of marketing and if you can offer a deal, why not?
Should You Allow Vaping in Your Katy, Texas Rental Property?
Allowing tenants to smoke cigarettes inside your property can destroy your ability to rent or resell your property. Cigarette smoke sticks to walls, drapes, carpet, and even ceiling tiles in a form of sticky residue. This sticky residue, known as “third-hand smoke,” can linger for years unless it’s intentionally cleaned up.
6 Tips to Foster Healthy Communication With Your Tenants
Effective communication is the key to healthy landlord/tenant relationships. Effective communication is built on three main factors: transparency, honesty, and respect. With these three factors present, you’re more likely to resolve issues with your tenants before they grow into larger issues.
Can a Landlord Break a Lease Agreement Early?
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]
6 Ways Landlords Waste Time (and How to Stop!)
As a landlord, time is your most precious asset. You get the same 24 hours in a day that everyone else gets. And assuming you get a healthy seven or eight hours of sleep each night, that means you’re left with just 16 or 17 waking hours in a day. Squandering even a couple of… [Read More]
Do You Need Positive Cash Flow to Make Money With a Rental Property?
Buying and managing rental properties is one of the best ways to build wealth. If you purchase the right properties in the right neighborhoods, and keep them in good condition with good tenants, you should be able to cultivate a favorable return on your initial investments, and possibly end up with a source of recurring… [Read More]
Should You Use a Collection Agency to Collect Unpaid Rent?
As a landlord, you go through a lot of trouble and effort to find reliable tenants who will pay on time and in full. You have your own bills to pay, so you need your tenants to fork over their rent checks on time.
Security Deposit vs. Move-In Fee: Which is Better for Landlords?
Landlords are always looking for ways to reduce risk and increase profitability. And when you let someone else live in your property, one of the biggest risks involves the potential damage they could do to the residence. For years, the security deposit has been the preferred method of compensating for property damage related risk. But… [Read More]
From Our Blog
How to Lose the Shirt Off Your Back Investing in Rental Property
When the real estate market is as hot as its been over the past decade, it’s easy to get caught up in…