Are you dealing with major property damage to your Austin rental property? Property damage is every landlord’s worst nightmare. Nobody wants to…
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Being a good landlord is like being a good parent. You need to be agreeable and kind, but if you don’t set boundaries, your tenants will take advantage of you.
Everyone should take the time to study the decisions, behaviors, and habits of wealthy individuals to understand which sweeping trends are common amongst them. Among other things, you’ll discover that they have an affinity for real estate investing. Thus, if you want to build your own wealth, it would make sense to at least consider… [Read More]
Security deposits have long been a norm in the rental world. Tenants are expected to put down as much as an entire month’s rent as insurance against potential damages. Then, when they move out, properties are assessed and the security deposit, or a portion thereof, is supposed to be returned based on the condition of… [Read More]
As a property manager, making every tenant feel welcome is at the heart of your job. How do you fulfill this responsibility, though, when you can’t easily communicate with your tenants? As may happen when working with non-English speaking tenants, property managers may also encounter communication challenges when working with d/Deaf tenants. This is especially… [Read More]
When it comes to remodeling a rental property, most real estate investors and landlords focus on the kitchen and common living areas. However, if you want to get some really good bang for your buck, you should consider upgrading and remodeling the bathrooms. For a very small price tag, you can significantly enhance the appeal… [Read More]
If you want your vacancies to end fast and you want your tenants to stick around as long as possible, you need to outfit your property with the best possible features and perks. That means buying properties with the best collection of tenant-approved features and gradually issuing fixes, remodels, and upgrades to keep those properties… [Read More]
Investing in rental property isn’t for everyone. You need some capital, a certain degree of risk tolerance, and a willingness/ability to pay attention to the details. But ultimately, the formula for landlording success isn’t that complex. It looks a little something like this:
Becoming a landlord and managing one or more rental properties is a great way to develop an income stream. If managed carefully, you should be able to make an easy profit every month, all while slowly accumulating the benefits of property appreciation.
Houston’s rankings as a real estate market have been on a rollercoaster ride over the last several years. Back in 2014, before oil prices crashed, the city was ranked first in PwC and the Urban Land Institute’s Emerging Trends survey, then subsequently took a tumble, and this year has landed in the middle of the… [Read More]