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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The Most Common Expenses That Landlords Underestimate
Successful management of an investment property centers on balancing expenses and revenue. If you can consistently generate more revenue than you pay in outgoing expenses, you’ll probably be in a profitable position. Throughout the search to acquire new properties for your portfolio, you’ll likely be projecting expenses with care to determine whether each property would… [Read More]
How Long is Too Long for a Property to Remain Vacant?
Rental properties can be extremely profitable. They enable you to earn hundreds of dollars a month while you also benefit from the long-term appreciation of the properties’ value. But that’s not always the case. If the space is vacant, you’re losing money instead of making it. You’re responsible for paying the expenses, such as maintenance… [Read More]
13 Terms to Place In Your Lease Agreement
Landlords have to prepare for the unexpected. A tenant might damage your property or stop paying rent at any time without prior warning. That’s why it’s essential to have strong lease agreements—which will protect your investment. Your leases should be as detailed as possible so you have something to reference during a potential future dispute…. [Read More]
7 Steps to Find Good Tenants
If you’re a landlord, you’re almost always searching for good tenants. They keep your business running and make life so much easier. Good tenants pay on time and respect your property, while bad tenants cause problems and may even necessitate a costly eviction. So how do you find the good ones? In this post, we’ll… [Read More]
When Should You Raise the Rent?
Over the last 10 years, rental rates in the US have increased by 31%. That’s an average of about 3% per year. This shouldn’t be surprising. Landlords must raise rents to keep up with rising expenses and to remain competitive with market rates. But they also want to experience as little turnover as possible, because vacancies… [Read More]
9 Essential Tenant Issues That Landlords Often Face
According to a report by the Rental Housing Journal, Texas made the list as one of the top three most popular places to move in 2021. More than 500,000 people have resettled here since 2019, and the numbers continue to grow. If you’re a landlord, these numbers represent big promises for investment properties in the… [Read More]
How to Buy Your First Rental Property in Houston
You might be looking for ways to expand your portfolio. Stocks and bonds are only scratching the surface for your financial future; there are more ways to create passive income that’ll help to diversify your sources of revenue. If you’ve hoped to minimize the risk of losses in your life, your research has probably led… [Read More]
6 Rental Property Repairs You Should Prepare For
When a rental property produces a small or negative return, there could be any number of factors to blame. But excessive maintenance issues and repairs are among the most common. In many cases, this concern can be traced back to the investor’s failure to perform due diligence when researching the property and crunching the cash-flow… [Read More]
How to Lower Closing Costs When Buying a Rental Property
When you invest in a rental property, ROI is everything. You either generate a positive return on your investment or you don’t. And while the agreed-upon sale price is obviously the most essential factor when you run the numbers, you mustn’t ignore closing costs. For all intents and purposes, they’re a part of the investment…. [Read More]
11 Tips for Houston Landlords When Hunting for Tenants
Every landlord would love to have the perfect tenants, but there are some bad eggs out there, sad to say. Proper tenant screenings and background checks are a good start to avoid them. However, there are other factors you’d be smart to consider. Take a look at the 11 tips below to help you find… [Read More]
From Our Blog
Tenant Psychology: How to Better Appeal to Prospective Property Renters
One of your biggest priorities as a landlord is going to be keeping your property occupied. When the property is vacant, you’ll…