Closing Costs 101: Everything Homebuyers Need to Know
Buying a new house can be a confusing process, especially if you’ve never done it before. When you buy something at the…
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Appliance parts fail, motors break down, and accidents happen. Managing a rental property, even just one unit, means dealing with these kinds of breakdowns. Here are some pro tips to handle unexpected property damage and maintenance to your property in Katy, Texas: 1. Expect the unexpected An old saying, but relevant to every aspect of… [Read More]
The average family moves every few years. Sometimes there’s a functional need for the move – such as moving into a new school district, adding a bedroom, or downsizing. Other times, people move because they want something fresh or new. But moving for purely aesthetic purposes is expensive. What if you could totally change the… [Read More]
Novice landlords often absorb the myth that any income earned from your rental properties is profit. If you’re realistic, though, there’s a lot more to the picture. Budgeting is a big part of it. The income you earn from each unit may partly qualify as profit, but a good percentage also goes back into the… [Read More]
People don’t get into the business of being a landlord because they want an easy, non-confrontational job where they get to clock in at 9 a.m., take a lunch break, and clock out at 5 p.m. There are plenty of reasons to become a landlord, but predictability and low stress aren’t among them. You don’t… [Read More]
No one likes when something goes awry, but when your ceiling develops a leak just as you’re getting into bed or the toilet overflows on a Saturday afternoon, the issue is extra inconvenient. After all, who’s going to come fix the problem at this hour? When property management companies offer 24/7 repair help, however, someone… [Read More]
People are instinctively drawn to natural light. Without the sun, life on earth would be impossible, and people subconsciously realize this when shopping for a home. Apartments and houses with more windows and natural light are appealing to prospective tenants and buyers. You may not be able to increase square footage, but you can give… [Read More]
When you’re a landlord, there are two categories of mistakes you risk making. The first is small and not very costly. These consist largely of learning experiences that don’t have any significant impact on your cash flow or stability. The second category can be deadly, though. These are the mistakes that will land you in… [Read More]
As experienced landlords know, carpet can take a beating. In fact, it’s arguably the most heavily used item in the home and requires frequent replacing. By understanding the causes of damaged carpet and following a few simple rules, you can extend the life of your carpet, keep tenants satisfied, and save money.