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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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]
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]
The move-out process begins each time a tenant gives notice or if you decide to terminate a renter’s lease. The process plays out whether it’s organized or not, but it’s typically smoother when planned. The move-out process occurs in multiple stages. Sometimes it’s not very even. Tenants refuse to vacate, and some leave behind massive… [Read More]
Moving to a new house is unavoidably stressful, no matter how excited you are about the process. You have to coordinate resources, time each step accurately, make sure none of your possessions get lost, and herd a family that’s probably stressed too – all at the same time. One of the most stressful elements of… [Read More]
Tenants tend to file retaliation lawsuits after receiving a notice to vacate, an eviction notice, or a notice of changed lease terms. No matter how hard you try to keep your tenants happy, some tenants would rather spend their time and money suing their landlord than acquiesce to changes they don’t like. If you haven’t… [Read More]
The best-case scenario when renting a property is that you find quiet, respectful, and attentive tenants who always pay their rent on time and leave your property just the way they found it. It’s rare to establish a relationship this smooth, however. Most of the time, you’ll have to deal with a variety of challenges… [Read More]
Part of being a successful landlord is implementing safeguards and protocols that protect your financial investment and prevent unforeseen circumstances from eating away at your profits. And one of the primary ways Houston landlords do this is by conducting move out inspections. But in order for a move out inspection to be effective, it needs… [Read More]
A couple weeks ago, you put in an offer on a new home, and it was accepted. So, you did what anyone would do, and you placed a nice bright sale sign in the front yard of your current residence. Within a matter of days, you had an offer on your old place and the… [Read More]