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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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]
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]
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.
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]
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]
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]
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.