How to Lose the Shirt Off Your Back Investing in Rental Property
When the real estate market is as hot as its been over the past decade, it’s easy to get caught up in…
How to Lose the Shirt Off Your Back Investing in Rental Property
When the real estate market is as hot as its been over the past decade, it’s easy to get caught up in thinking rental property investing is a guaranteed cash cow. But while it can be a prosperous method of generating income, it can also lead to dire financial consequences for those who are ill-prepared… [Read More]
Should You Invest in a Turnkey Property?
When it comes to real estate investing, buzzwords get thrown around like candy at a parade. And if there’s one buzzword that’s overused more than the rest, it’s “turnkey.” The phrase is used so frequently that it seems to have lost all its meaning. You think you want to invest in a turnkey property,… [Read More]
What to Do When Your Texas Tenant Doesn’t Pay Rent
The profitability of your rental property depends on your major source of income—rent from tenants. If all goes well, you’ll be able to collect rent, reliably, on a monthly basis, in excess of your ongoing expenses. You’ll easily meet all your ongoing costs, with a bit left over to serve as profit, all while your… [Read More]
Should You Offer “First Month” Deals on Rent to Attract New Tenants in Houston?
You’ve probably seen ads offering reduced rent, free rent, or other discounts to tenants for the first month. Discounts are a central part of marketing and if you can offer a deal, why not?
Should You Allow Vaping in Your Katy, Texas Rental Property?
Allowing tenants to smoke cigarettes inside your property can destroy your ability to rent or resell your property. Cigarette smoke sticks to walls, drapes, carpet, and even ceiling tiles in a form of sticky residue. This sticky residue, known as “third-hand smoke,” can linger for years unless it’s intentionally cleaned up.
6 Tips to Foster Healthy Communication With Your Tenants
Effective communication is the key to healthy landlord/tenant relationships. Effective communication is built on three main factors: transparency, honesty, and respect. With these three factors present, you’re more likely to resolve issues with your tenants before they grow into larger issues.
Do You Need Positive Cash Flow to Make Money With a Rental Property?
Buying and managing rental properties is one of the best ways to build wealth. If you purchase the right properties in the right neighborhoods, and keep them in good condition with good tenants, you should be able to cultivate a favorable return on your initial investments, and possibly end up with a source of recurring… [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]
Should You Use a Collection Agency to Collect Unpaid Rent?
As a landlord, you go through a lot of trouble and effort to find reliable tenants who will pay on time and in full. You have your own bills to pay, so you need your tenants to fork over their rent checks on time.
How to Make More Money From a Rental Property Without Increasing Rent
You aren’t in the business of buying and managing rental properties because it’s fun. In fact, you take on a lot of risk and deal with too many problems to be in it for some sort of service project. You do what you do because you want to generate some income. But before you go… [Read More]
From Our Blog
House Hunting With Your Spouse: How to Get on the Same Page
For some couples, buying a house is as easy as buying a car. They schedule a couple of showings, find one they…