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 7 Biggest Risks Landlords Face
Everyone should take the time to study the decisions, behaviors, and habits of wealthy individuals to understand which sweeping trends are common amongst them. Among other things, you’ll discover that they have an affinity for real estate investing. Thus, if you want to build your own wealth, it would make sense to at least consider… [Read More]
Is The Security Deposit Obsolete?
Security deposits have long been a norm in the rental world. Tenants are expected to put down as much as an entire month’s rent as insurance against potential damages. Then, when they move out, properties are assessed and the security deposit, or a portion thereof, is supposed to be returned based on the condition of… [Read More]
How to Deal With Home Ownership in a Divorce
Nobody enters into a marriage thinking about the possibility of divorce. However, research shows that a hefty percentage of couples will eventually end up splitting ways. If you find yourself in this situation, separation of assets can be one of the more difficult issues to work through. In particular, you’re probably wondering what happens to… [Read More]
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]
What Is Private Mortgage Insurance?
In a conventional mortgage, you’ll be required to put down at least 20 percent when buying a home. However, many people are unable to produce the full 20 percent, particularly in Houston where the average home price is $300,000, well above the national average. Thankfully, there are programs and opportunities for taking out a mortgage… [Read More]
The 10 Most Common Legal Mistakes New Landlords Make
Becoming a landlord is exciting; you’ll have an opportunity to make significant income, month after month, with a minimal investment of time and effort. But remember, landlords have legal responsibilities to their tenants, and if you fail in any of those responsibilities, you could be held liable for the resulting costs or damages.
6 Ways to Pay Off Your Mortgage Faster
When you purchase a home and sign the documents at the closing table, you walk away feeling a great sense of relief. The search is over and you finally “own” a home. But want to know a dirty little secret? You don’t really own the home. Sure, your name is on the title, but you… [Read More]
5 Home Buying Deal Breakers (And 3 Things That Shouldn’t Matter)
When you enter the home buying process, you need a game plan. There’s something to be said for leaving your options open but failing to plan is a major mistake. Not only could you miss out on finding your dream home, but you could also make a bad choice and end up purchasing a house… [Read More]
8 Tips to Keep Tenants from Scamming You
You’ve probably heard of prospective renters losing out on thousands when rent scammers pose as the owners of a rental property. Those hopeful tenants find out too late that the property they paid for never existed.
Legal Mistakes That Put Landlords in Hot Water
Being a landlord is a profitable choice of professional. However, it can be legally complicated. There are many laws in place across the state and the country regulating landlord practices, and rightly so – tenants must be protected from bad landlord practices. As a landlord, it’s important to know these rules and follow them to… [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…