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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8 Home Security Tips for Houston Homeowners
The Greater Houston Area is a fantastic place to raise a family. There are good schools, friendly people, quality jobs, and access to an array of amenities and entertainment options. But it’s not immune from crime. As a homeowner, anything you can do to lower your family’s risk of being victimized by burglary and theft… [Read More]
8 Tips to Make Security Deposits Less of a Headache
As a real estate investor and landlord, your job is all about mitigating risk and maximizing return. The more you’re able to accomplish these overarching goals, the more success you’ll experience. And while security deposits may seem like a small issue to outsiders, experienced landlords know just how much they impact both risk and reward…. [Read More]
How to Avoid the Risks of Over-Leveraging Real Estate Investments
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 Allow Vaping in Your Katy, Texas Rental Property?
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.
Security Deposit vs. Move-In Fee: Which is Better for Landlords?
Landlords are always looking for ways to reduce risk and increase profitability. And when you let someone else live in your property, one of the biggest risks involves the potential damage they could do to the residence. For years, the security deposit has been the preferred method of compensating for property damage related risk. But… [Read More]
Texas Has Expanded Medical Marijuana Access – But What Does That Mean For Landlords?
As more states expand access to medical and even recreational marijuana, landlords are faced with a new question: do they have to permit marijuana use in their properties? On the recreational front, the question is fairly simple; just as landlords can ban cigarette smoking, they can also ban marijuana. When it comes to medical marijuana,… [Read More]
What Is Private Mortgage Insurance?
In a conventional mortgage, you’ll be required to put down at least 20 percent when buying a home. However, many people are unable to produce the full 20 percent, particularly in Houston where the average home price is $300,000, well above the national average. Thankfully, there are programs and opportunities for taking out a mortgage… [Read More]
The 10 Most Common Legal Mistakes New Landlords Make
Becoming a landlord is exciting; you’ll have an opportunity to make significant income, month after month, with a minimal investment of time and effort. But remember, landlords have legal responsibilities to their tenants, and if you fail in any of those responsibilities, you could be held liable for the resulting costs or damages.
Choosing a Mortgage to Build Real Estate Wealth
Investing in property in the Houston and Katy areas requires extra skill and savvy. Naturally, you’ll be looking for a property that’s going to be profitable, but investments in this region can easily turn into money pits. These are the primary considerations when you pursue real estate profits here.
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…