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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Tenants tend to file retaliation lawsuits after receiving a notice to vacate, an eviction notice, or a notice of changed lease terms. No matter how hard you try to keep your tenants happy, some tenants would rather spend their time and money suing their landlord than acquiesce to changes they don’t like. If you haven’t… [Read More]
Worst-case scenarios are an unfortunate, if hopefully occasional, reality if you’re a landlord. It’s not unreasonable to accept that you might face one of the following challenges at some point in your career as an investor. You’d be smart to prepare for the worst but expect the best. If you end facing any of the… [Read More]
There’s arguably never been a better time to renovate your Austin home. The market is booming and properties that are updated, modern, and well-designed are typically under contract within hours of being listed. (Many for above asking price.) However, don’t let your HGTV obsession convince you that renovating a home is as simple as knocking… [Read More]
Being a landlord in Katy, Texas isn’t a simple job. You’re not just managing a property – you’re continually managing your relationship with your tenant(s). For example, fixing a broken toilet may seem like a simple maintenance task, but how fast you make that repair can make or break your tenant’s trust. Tenants expect their… [Read More]
As a Houston landlord, you’re in the game of generating cash on your cash. In other words, you’re in the ROI business. But are you really doing everything you can to set yourself up for maximum returns? This a question that you need to analyze through a critical lens. Are You Wasting Money in One… [Read More]
When Hurricane Laura swept through the southwest in late August, Houston was lucky, escaping mostly unscathed. As we know from past experiences, such as the devastation caused by Hurricane Harvey in 2017, that isn’t always the case. The “once in a century” storm killed at least 68 people in the area and caused billions in… [Read More]
You know real estate investing is the key to building wealth. (Or at least one of the clearest paths forward). You’ve watched YouTube videos, read books, heard success stories, and spent some time researching various techniques and terminology. In short, you have some of the basics down, but you’ve never done anything about it. But… [Read More]
As a real estate investor, ROI and cash flow are everything. You’re constantly on the lookout for ways to make your Katy rental properties more profitable, which means maximizing the upside and counteracting the downside so that it doesn’t come back to bite you. And even though there are no bulletproof methods of downside protection,… [Read More]
Deciding to hire a property management company to oversee your rental properties and real estate investments is always a good idea. But that’s not the final choice you’ll make. With many different Houston property management companies in the area, you have to decide which one to work with. And a poor or misinformed choice could… [Read More]
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]