How to Manage a New Home Search With Kids in Katy Texas
While searching for a new house can be exciting, it can also be stressful. You could end up touring dozens of houses…
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5 Good Reasons to Bid Above Asking Price (and 5 Bad Ones)
If you’re in the market for a new house, you might consider entering a bid above the asking price. For example, if the home is listed at $250,000, you could put in a bid of $260,000. Strategically, this move could make sense. The advantages are obvious; a higher price means your offer will be much… [Read More]
What Should You Do If You Don’t Like Your Real Estate Agent?
Your real estate agent is supposed to represent your best interests when buying or selling a home. In an ideal world, they’ll guide you through the process, provide you with advice, and ultimately lead you to a financial decision that you’re happy with. But what happens when your real estate agent doesn’t hold up their… [Read More]
What Could Cause the Texas Real Estate Market to Crash?
Homeowners in Texas have enjoyed exciting economic conditions over the past few years. People are flocking to the state in search of housing, and driving real estate prices higher than they’ve ever been – and far outpacing the growth of prior years prior. It’s definitely a seller’s market, so if you decide to list your… [Read More]
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]
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]
From Our Blog
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…