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Categories

Should You Invest in a Turnkey Property?

Should You Invest in a Turnkey Property?

March 24, 2020

When it comes to real estate investing, buzzwords get thrown around like candy at a parade. And if there’s one buzzword that’s overused more than the rest, it’s “turnkey.” The phrase is used so frequently that it seems to have lost all its meaning. You think you want to invest in a turnkey property, but… [Read More]

What to Do When Your Texas Tenant Doesn't Pay Rent

What to Do When Your Texas Tenant Doesn’t Pay Rent

March 17, 2020

The profitability of your rental property depends on your major source of income—rent from tenants. If all goes well, you’ll be able to collect rent, reliably, on a monthly basis, in excess of your ongoing expenses. You’ll easily meet all your ongoing costs, with a bit left over to serve as profit, all while your… [Read More]

How to Avoid the Risks of Over-Leveraging Real Estate Investments

How to Avoid the Risks of Over-Leveraging Real Estate Investments

March 3, 2020

Have you ever wondered how certain people are able to go from having relatively little money and zero investments to having a booming real estate investment portfolio in a matter of just a few years? In most cases, it comes down to the powerful concept of leverage. But as great as leverage is, it’s easy… [Read More]

Should You Offer “First Month” Deals on Rent to Attract New Tenants in Houston?

Should You Offer “First Month” Deals on Rent to Attract New Tenants in Houston?

February 27, 2020

  You’ve probably seen ads offering reduced rent, free rent, or other discounts to tenants for the first month. Discounts are a central part of marketing and if you can offer a deal, why not?

Should You Allow Vaping in Your Katy, Texas Rental Property?

Should You Allow Vaping in Your Katy, Texas Rental Property?

February 25, 2020

Allowing tenants to smoke cigarettes inside your property can destroy your ability to rent or resell your property. Cigarette smoke sticks to walls, drapes, carpet, and even ceiling tiles in a form of sticky residue. This sticky residue, known as “third-hand smoke,” can linger for years unless it’s intentionally cleaned up.

Healthy Communication With Your Tenants

6 Tips to Foster Healthy Communication With Your Tenants

February 18, 2020

Effective communication is the key to healthy landlord/tenant relationships. Effective communication is built on three main factors: transparency, honesty, and respect. With these three factors present, you’re more likely to resolve issues with your tenants before they grow into larger issues.

Can a Landlord Break a Lease Agreement Early?

Can a Landlord Break a Lease Agreement Early?

February 13, 2020

If you’re a landlord, you probably have a lease agreement or rental agreement for your tenants, outlining the rules and restrictions for the property, setting rent prices, and outlining a period of time during which the agreement is active. If a tenant breaks the lease agreement early by moving prematurely, they may face a penalty… [Read More]

6 Ways Landlords Waste Time (and How to Stop!)

6 Ways Landlords Waste Time (and How to Stop!)

February 11, 2020

As a landlord, time is your most precious asset. You get the same 24 hours in a day that everyone else gets. And assuming you get a healthy seven or eight hours of sleep each night, that means you’re left with just 16 or 17 waking hours in a day. Squandering even a couple of… [Read More]

Do You Need Positive Cash Flow to Make Money With a Rental Property?

Do You Need Positive Cash Flow to Make Money With a Rental Property?

February 6, 2020

Buying and managing rental properties is one of the best ways to build wealth. If you purchase the right properties in the right neighborhoods, and keep them in good condition with good tenants, you should be able to cultivate a favorable return on your initial investments, and possibly end up with a source of recurring… [Read More]

Should You Use a Collection Agency to Collect Unpaid Rent?

Should You Use a Collection Agency to Collect Unpaid Rent?

January 28, 2020

As a landlord, you go through a lot of trouble and effort to find reliable tenants who will pay on time and in full. You have your own bills to pay, so you need your tenants to fork over their rent checks on time.