How to Manage a New Home Search With Kids in Katy Texas
While searching for a new house can be exciting, it can also be stressful. You could end up touring dozens of houses…
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With a tenant in your rental property, you can’t avoid damage, wear, and tear completely. For instance, the carpet will probably be worn down a bit, even if your tenant doesn’t wear shoes in the house. The carpet will also likely fade a bit and you could end up with hair dye stains in the… [Read More]
If you’ve been a landlord for a while, you’ve probably noticed that tenants are extremely protective of their deposits. It doesn’t matter if the deposit is only $200 – tenants get upset when they don’t get their full deposit back.
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.