When people talk about the relationship between a tenant and landlord, the connotations aren’t usually the most positive. Many people have had poor experiences with landlords for one reason or another. And there’s certainly a lot of frustration from the other end, too. Tenants often damage property, break leases, or fail to pay rent on time. So when someone suggests that you rent out a room in your home and bring in a tenant as your roommate, it’s totally natural to feel a bit skeptical…. [Read More]
When you want to make your property accessible for people with disabilities, it’s not always easy to know what people actually need. You can refer to the ADA standards, but those are just minimum requirements and not always an accurate reflection of what people really need…. [Read More]
Even when the housing market is good, it can take a little time to find a tenant because you have to find someone with the right qualifications. Wouldn’t it be great if you could generate a flood of qualified prospective tenants so you could rent your property faster?… [Read More]
From a legal perspective, your lease agreement is your greatest mode of protection as a landlord. It’s what keeps you out of trouble, safeguards your property from abuse, and helps you take action when you’re being treated unfairly by tenants. But a lease is only as good as the language it contains. If you’re just copying a standard lease agreement from the internet, you probably aren’t getting the protection you need…. [Read More]
If you have a property in Katy, Texas, you’ll obviously want to maximize profitability however you can. Some decisions you make will have obvious repercussions; for example, some neighborhoods are clearly better investments than others. But some decisions are harder to evaluate; for example, if you charge more rent, you’ll stand to make more money, but you’ll also drive away potential tenants, making it harder to make that additional money…. [Read More]
Finding reliable tenants is half the battle in property ownership. A reliable tenant will be able to pay you rent on time, will likely stay with you for a long time, and has a low likelihood of causing damage to your property or disrupting your other tenants. A good tenant, therefore, makes your rental property more profitable—all while causing less stress for you over the long term…. [Read More]
One of the biggest decisions you’ll make with your rental property is what to charge your tenants for rent. You’ll need to charge an amount that enables you to make a profit, but at the same time, if you set your rent prices too high, you may end up with unduly long vacancies, pricing yourself out of the market…. [Read More]
In a perfect world, your rental properties would be leased on a continuous basis, and there would be no gaps between tenants. But in reality, every rental property will eventually sit empty for a month or two after no tenants have signed a lease agreement…. [Read More]
When Airbnb started in 2008, the hotel industry didn’t flinch. It was impossible that guests would want to stay in a complete stranger’s home rather than in a hotel with room service and high cleaning standards, right?
But that wasn’t the case at all.
It took a couple of years for people to start using the service, for Airbnb to build up strong reviews, and for peple to trust that they would be safe – but Airbnb has been a huge success…. [Read More]