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…
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How Can You Sell a Property Occupied by a Tenant?
Some people plan to hold their investment properties ostensibly forever. They want to continue earning passive income for the rest of their lives, then pass those investment properties to their children. But for everyone else, there will come a time when you eventually sell your rental property. At the end of a lease, when a… [Read More]
Should You Consider Offering a Month to Month Lease in Texas?
By default, most landlords consider offering only fixed term leases. Fixed term leases are the most common type of lease, providing stability and predictability to both the landlord and the tenant. Typically covering a period of one or two years, these lease agreements form the backbone of the rental property world. But there’s another option… [Read More]
What Are the Best Ways to Contact a Tenant?
At various points in time when managing a rental property, you’ll need to get in contact with your tenant. It could be to provide them with formal notice that you need access to the property, remind them that their rent is due, or simply ask them if one of your recent repairs is still working… [Read More]
What Is Tenant Harassment and How Can You Avoid It?
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]
Rental Vacancies Are Nearing Record Lows: What It Means for Landlords
You’ve likely noticed that your rental properties are experiencing fewer and shorter vacancies than usual lately. Even if you don’t have a rental property, you’ve likely seen mainstream publications on the surge in demand (and prices) for rental properties. The data is in. For rental properties all across the country, vacancies are nearing record lows… [Read More]
Maintenance You Need to Perform on Your Investment Property
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]
What to Know About Renting to Military Tenants
When it comes to rental properties, most landlords are fairly “tenant agnostic.” In other words, it doesn’t matter what the tenant does for a living, what profession they’re in, where they’re from, or how much money they make. As long as the tenant passes a background check, has good referrals, and meets the minimum income… [Read More]
Finding Good Tenants Is One Thing–Retaining Them Is Another
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]
Real Estate Crowdfunding vs. Rental Property Investing: Which is Better?
One of the beauties of real estate is that there are many ways to invest in it. You can fix and flip properties, buy and hold them, lease rental units, invest in real estate investment trusts (REITs), get into self-storage, and so much more. One (relatively) new way to invest in real estate is through… [Read More]
Why Not Hiring a Property Manager Might Cost You in the End
If you’re looking to purchase an investment property, one thing to consider is whether or not to hire a property management firm. Some investors shudder at the thought of spending money to retain a company to handle the day-to-day operations of running a residential property. A typical property management arrangement might call for anywhere from… [Read More]
From Our Blog
Tenant Psychology: How to Better Appeal to Prospective Property Renters
One of your biggest priorities as a landlord is going to be keeping your property occupied. When the property is vacant, you’ll…