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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What’s the Best Way to Raise Rent for a Houston TX Tenant?
During the course of your property management activities, you may feel the impulse to raise the rent at one of your properties. There are many good reasons to do this, such as to cover new expenses like higher property taxes or HOA fees. You may also simply wish to increase your profits by keeping your… [Read More]
The 7 Most Common Tenant Complaints (and How to Handle Them)
Not all tenants complain. In fact, many of your best tenants will remain content indefinitely: continuing to pay rent and reaching out only when the house or apartment clearly needs routine maintenance or a small-scale repair. But some tenants will complain on a semi-regular basis. If you’re unlucky, you might end up with a tenant… [Read More]
How to Manage Long-Term Guests in Your Houston Rental Properties
Tenants should be allowed to have guests stay a night or two, but long-term guests can pose a problem. Sometimes it’s just a friend or relative who’s visiting from out-of-town, but a long-term guest may include someone who has no intention of leaving. Technically, at some point a long-term guest becomes a tenant. What started… [Read More]
What to Do When a Tenant Won’t Pay Late Fees in Houston
Late fees are designed to encourage tenants to pay rent on time. Though a late fee won’t make any difference among tenants who genuinely don’t have the money, there are other reasons tenants pay late. Late fees can be a deterrent for those situations. Why would someone not pay the rent on time when they… [Read More]
Do Your Houston Leases Contain These 8 Essential Rental Policies?
A lease agreement is the central tool in every tenancy. It gives you the legal authority to hold your tenants accountable for their behavior both outside and inside the courtroom. Do you have the following crucial policies in your standard lease agreements? 1. Notice requirements to terminate the tenancy When you accept a qualified tenant,… [Read More]
5 Consequences of Renting to a Bad Tenant (and How to Avoid Problems)
Accepting a bad tenant will inevitably lead to problems. It might take several months for issues to surface, but you may rest assured, they will. There’s no guarantee you can avoid every potentially bad tenant, but most can be readily avoided with the proper due diligence. That means a thorough tenant screening. If you don’t… [Read More]
Legal Considerations Before You Install Video Surveillance on Your Katy, Texas Property
Many landlords are looking for innovative ways to protect their properties, especially when they don’t live nearby. Video surveillance systems are an obvious choice, but what is their legal status? The short answer is they’re fine. You may install surveillance cameras on your Katy, Texas rental property as long as they are for security purposes… [Read More]
6 Tips for Renting to College Students
Most landlords choose a specialty or niche based on property type, rather than renter demographic. However, there are other ways to narrow your focus. One popular niche is college students. If you decide to go this route, there are some of the nuances you’ll have to consider. Why Rent to College Students? College kids might… [Read More]
The Death of the Paper Rent Check
Rent collection has and always will be one of the most contentious topics for landlords. It’s a sensitive issue that sparks passionate debates, arguments, and rants. And while landlords have typically relied on paper rent checks for the better part of a century, they’re no longer considered the ideal option for Katy landlords (or any… [Read More]
How to Create a Safety Checklist for Your Katy, Texas Rental Property
Landlords and property managers in Katy, Texas, are responsible for maintaining safe, habitable dwelling units for their tenants. Keeping a property safe requires maintaining structures, land, appliances, and tending to problems like mold. Texas state law requires that you provide a safe, habitable home for your tenants that meets the following general requirements: Structural elements… [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…