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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5 Mistakes to Avoid at All Costs as a First-Time Rental Property Owner
Do you dream of buying an investment property, finding good tenants, making passive income every month, and potentially selling your asset down the road for a great return on investment? That’s the dream of many people who invest in rental properties. But this dream can quickly become a stress-inducing, time-wasting, and money-draining nightmare. If you’re… [Read More]
Should You Buy a Property Governed by a Houston HOA?
A Homeowners Association (HOA) is a governing body that establishes restrictive covenants designed to maintain property value and keep a neighborhood attractive. It’s run by a board elected by members of the community and is supposed to serve those within the HOA. Anyone who owns a home controlled by an HOA must abide by a… [Read More]
Should You Create an LLC for Your Rental Property in Texas?
Owning property in Texas puts you in a decent financial position – especially if you’re renting the property and making a profit on it. But if you want to make your profits consistently, and mitigate potential risk, you need to strategically plan to protect yourself. One way to protect yourself – and your entire real… [Read More]
Why Is Documentation So Important in Property Management?
There are many important ingredients for success in a rental property management strategy. You’ll need to find the right neighborhoods, purchase the right properties, find the right tenants, and keep a tight leash on your expenses if you want to make a consistent profit. In addition to all that, you’ll need to turn yourself into… [Read More]
What Is Tenant Harassment and How Can You Avoid It?
Ideally, your tenant relationships will be pleasant and mutually beneficial. Your tenants will be nice, polite, and respectful of your property, and in exchange, you’ll make sure they have a good place to live. Unfortunately, landlord tenant relationships don’t always unfold this smoothly. And if you end up in a tense situation with a tenant,… [Read More]
How to Be a Prepared Home Seller
Are you truly prepared to sell your home? Selling a home isn’t always easy. Even in a seller’s market, with restricted inventory, high prices, and a wide assortment of buyers clamoring to tour your house, there’s no guarantee that you’re going to attract competitive bids – or that your home will sell in its first… [Read More]
When Is It Too Early to Evict a Tenant in Katy Texas?
If you have a tenant who is chronically late with rent payments, or if they’re downright destructive to your property, you might be eager to get rid of them as soon as possible. This is why the eviction process exists; it provides you with a legal path you can use to remove your tenant from… [Read More]
What a Landlord in Texas Can and Cannot Do
When you decide to become a landlord in Texas, you have to perform research into what responsibilities are involved. Aside from an acquaintance with standard laws and regulations, there are other small aspects you may have been aware of. Upon the signing of the lease, both tenants and landlords become entitled to certain specific rights…. [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]
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]
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…