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…
"*" indicates required fields
"*" indicates required fields
"*" indicates required fields
In the world of rental properties, landlords strive to keep their overhead low and their returns high. One of the best ways to achieve this is not to spend money on a rental unless necessary. Unfortunately, living by this rule can prove to be detrimental to your property and the value of your home. Why… [Read More]
Price is perception. As a real estate investor and property owner, pricing is all about perception. If the property is perceived as being desirable, you can charge more than if the property is not seen as desirable. Sounds pretty obvious, right? But it’s not always something that landlords take into account. If you want to… [Read More]
Owning rental property comes with some big challenges, and dealing with troublesome tenants is one of the most important things to get under control. Some tenants are perpetually late with the rent and refuse to pay late fees. However, the worst is when a tenant damages your property. It would be great if they followed… [Read More]
Did you know that between 2000 and 2018, the average number of eviction cases filed by U.S. landlords was 3.6 million? That means 7% of all renting households faced eviction legal action, and eviction filings nationwide climbed 21.5% during the aforementioned time frame. What does that mean for you as a rental property owner? It… [Read More]
Most landlords understand that they’re responsible for handling property repairs and maintenance. While the vast majority of requests your tenants make will be relatively easy and inexpensive to handle, some of them will be both expensive and urgent. These requests are considered to be an emergency, meaning you need to respond as quickly and efficiently… [Read More]
One of the biggest headaches rental property owners face is tenant drama. Of course, many tenants take care of their units, respect the rights of other tenants, pay rent on time, and cause minimal issues. But some tenants are less than amicable and can raise the blood pressure of investment property owners – and that’s no… [Read More]
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]
Did you know that the median price for a single-family home in Texas was $357,388 in the second quarter of 2022? According to the Texas Quarterly Housing Report, that tally is up 19.1% versus the comparable period a year ago. The same report notes that almost half of the 108,390 homes sold in Texas in… [Read More]
Your rental property is an income provider in your family. And if you want it to continue producing income for your family for years to come, you have to protect it. There are dozens of ways to do this, but don’t underestimate the importance of winterization each year. Properly winterizing your properties year after year… [Read More]
Did you know about 44 million housing units were occupied by renters in the U.S. last year? Finding good tenants is hard work. It involves advertising vacancies in the right places, charging competitive rental rates, conducting thorough background checks, and doing other things. One source notes that the average time a U.S. renter in a… [Read More]