What to Do If You’re Losing Money on a Rental Property
In a hypothetical model, a property owner should be able to generate positive cash flow with a rental property in an attractive…
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What to Do If You’re Losing Money on a Rental Property
In a hypothetical model, a property owner should be able to generate positive cash flow with a rental property in an attractive neighborhood. If your total monthly expenses amount to an average of $2,000 per month, you should be able to charge more than $2,000 a month in rent, ultimately making it a profitable property… [Read More]
10 Home Insurance Tips to Help You Save Money With Greater Protection
Whether you’re buying a home for your family for the first time or you’re adding a 10th property to your rental real estate portfolio, you’ll need to calculate all your expenses and potential income carefully to determine the upside of this financial move. Real estate is almost always a good investment, but you can make… [Read More]
What Is Tenant Harassment and How Can You Avoid It?
Ideally, your tenant relationships will be pleasant and mutually beneficial. Your tenants will be nice, polite, and respectful of your property, and in exchange, you’ll make sure they have a good place to live. Unfortunately, landlord tenant relationships don’t always unfold this smoothly. And if you end up in a tense situation with a tenant,… [Read More]
Is Real Estate Ever a Risky Investment?
If you talk to any seasoned investor, they’ll probably talk about the benefits of investing in real estate. Historically, real estate prices have risen in almost all areas of the United States, and there are dozens of different ways to take advantage of real estate investing. You can invest in residential or commercial properties, you… [Read More]
Buyers: How to View a Home Like an Inspector
It’s a tough time to buy a house. Inventory is low, demand is high, prices have increased dramatically over the past couple of years, and there are plenty of cash buyers who are ready to overpay for a property they like. This leaves the average homebuyer in a compromising position. Do you keep your high… [Read More]
13 Terms to Place In Your Lease Agreement
Landlords have to prepare for the unexpected. A tenant might damage your property or stop paying rent at any time without prior warning. That’s why it’s essential to have strong lease agreements—which will protect your investment. Your leases should be as detailed as possible so you have something to reference during a potential future dispute…. [Read More]
5 Good Reasons to Bid Above Asking Price (and 5 Bad Ones)
If you’re in the market for a new house, you might consider entering a bid above the asking price. For example, if the home is listed at $250,000, you could put in a bid of $260,000. Strategically, this move could make sense. The advantages are obvious; a higher price means your offer will be much… [Read More]
How to Handle Major Damage to Your Austin Rental Property Without Losing Your Mind
Are you dealing with major property damage to your Austin rental property? Property damage is every landlord’s worst nightmare. Nobody wants to deal with angry tenants who smash windows, burn the carpet, and destroy the walls. Unfortunately, angry tenants can cause extreme damage that can hit your wallet hard. Not only will you be paying… [Read More]
Should You Allow Tenants to Sublet on Airbnb in Austin, Texas?
Are your tenants requesting permission to rent a spare room on Airbnb to earn more income? Is your tenant subletting your property behind your back? If you’re still on the fence about allowing your tenants to sublet on Airbnb, here are some pros and cons to consider. 1. Con: You’ll need to get a license… [Read More]
8 Pros and Cons of Allowing Your Tenants to Sublet in Houston, Texas
Do you allow your tenants to sublet extra rooms to housemates? Most Houston landlords prohibit subletting because it can be an invitation for trouble, including property damage. Housemates don’t always get along; sometimes, roommate situations turn sour. But there are benefits to allowing your tenants to sublet. If you’re not sure which way to go,… [Read More]
From Our Blog
Tenant Psychology: How to Better Appeal to Prospective Property Renters
One of your biggest priorities as a landlord is going to be keeping your property occupied. When the property is vacant, you’ll…