Green Residential
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.
Nobody becomes a landlord thinking, “I sure wish I had something else on my plate right now.” No … in most cases, people invest in rental properties with the dream of generating passive streams of income that require little work or effort.
If you binge-watch enough 30-minute TV episodes, or spend a substantial amount of time scrolling through Pinterest boards, you might eventually be tempted to buy a fixer-upper for your next home.
As a landlord or homeowner, you’ll eventually be responsible for making repairs to your property. Even new houses, built within the past decade, aren’t immune to things breaking, wearing, or losing their initial appeal.
As a landlord, you know that you’re responsible for the bulk of major repairs and ongoing maintenance for your rental properties. As a general rule of thumb, if the repair was not the fault of the tenant and if it in any way impacts the tenant’s quality of life, it’s on you to do whatever it takes to complete the repair in a timely manner…. [Read More]
In every state – Texas included – renters are entitled to live in safe, livable conditions, regardless of the price of rent. “Livable” consists of the very basics, like a roof to keep out sun and rain, a reliable home heating system, hot water, and sturdy infrastructure so that the building is in no danger of collapsing. Other basic but critical features include a lack of toxic substances like lead, asbestos, and toxic mold. The doors and windows should provide protection from potential intruders…. [Read More]