What to Do If You’re Losing Money on a Rental Property
In a hypothetical model, a property owner should be able to generate positive cash flow with a rental property in an attractive…
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Right now, the country is experiencing what experts like to call rental nation. It’s an apparent rise in the number of renters versus homebuyers, which has put the number of renters at an all-time high and the number of homebuyers at the lowest it’s been since 1967. As a result, more rental properties and landlords… [Read More]
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…. [Read More]
When you’re a landlord, there are two categories of mistakes you risk making. The first is small and not very costly. These consist largely of learning experiences that don’t have any significant impact on your cash flow or stability. The second category can be deadly, though. These are the mistakes that will land you in… [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.
In the past, collecting rent was as simple as knocking on your tenant’s door and collecting the money in an envelope. It’s not so easy today.
Choosing the right tenants is one of the most important parts of being a landlord. The right tenants make being a landlord an easy way to make money, particularly with help from Houston, Woodlands, and Katy property management. The wrong tenants, on the other hand, are bad news.
If you’re leasing your residential property for the first time, perhaps you’ve made it through the difficult first steps – preparing your property for rent, choosing and vetting your tenants, and making a deal with one of the many Houston property management companies. Now that the difficult part is over, you might be inclined to… [Read More]