Green Residential
Tenant screening is one of the most important responsibilities of any landlord. This is your chance to make sure your property is occupied by someone who’s going to take care of it, pay for it consistently, and ideally, stay there as long as possible.
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As more states expand access to medical and even recreational marijuana, landlords are faced with a new question: do they have to permit marijuana use in their properties? On the recreational front, the question is fairly simple; just as landlords can ban cigarette smoking, they can also ban marijuana. When it comes to medical marijuana, however, the issue is not as clear.
Houston is one of the most important rental markets in the United States, with the third-highest number of apartments of any American city – but all isn’t well for the city’s tenants. In a recent study performed by the University of Texas School of Law, researchers determined that about 40% of Houston apartments were built between 1960 and 1979, a time period marked by lower safety standards. These conditions were made worse by Hurricane Harvey, which severely damaged about 43,000 units throughout the city. Taken together, a substantial portion of Houston’s apartment stock is in poor condition and may not be safe for their residents.
Are you a Houston homeowner considering selling your house? If so, now is the time to act. That’s because, according to experts, home prices are likely at their peak right now, and prices will begin to fall in 2020 with an expected recession. This recession is likely to hit during Q1, after initial predictions that said it would hit in late 2019, and job numbers will fall when it does finally arrive. Wait too long and you’ll be stuck with a house that won’t sell, or at least you’ll have to take a much lower price than you would if you sold now.
To a middle-class worker with a moderate income and limited assets, the notion of investing in real estate seems far-fetched: something reserved for folks in the upper crust. Those people often say things like “It takes money to make money.”
Ask any self-made millionaire or billionaire for a list of the best ways to build wealth and generate income, and almost every one of them will put real estate at the top. It’s one of the single most versatile and lucrative investment vehicles … and, when properly leveraged, real estate can generate thousands of dollars in additional income every single year.
The home-buying process can be emotional. It’s easy to go into the matter with a small set of needs and desires but end up with an extensive list of “must-haves.”
When it comes to real estate investing, there are dozens of directions you can go. You can invest in single-family residential properties, multifamily properties, apartment buildings, raw land, commercial buildings, and even mobile home parks. But in addition to these investments, there’s also the niche of vacation properties.
There are many good reasons to invest in rental property. You can collect rental income in excess of your ongoing expenses, yielding an immediate profit, and eventually, you should be able to sell the property for more than you originally paid for it.
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As a new homeowner, you may not have a forgiving budget. You may have dumped your full savings into the down payment of your home, with the understanding that your first few years may be tight. Even if this isn’t the case, you’re probably interested in saving as much money as possible, increasing the financial return on your investment and shielding you from unnecessary financial risks.
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