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 are Protective of Their Deposits: 5 Ways to Mitigate Potential Conflict
If you’ve been a landlord for a while, you’ve probably noticed that tenants are extremely protective of their deposits. It doesn’t matter if the deposit is only $200 – tenants get upset when they don’t get their full deposit back.
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]
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]
Who’s Responsible for Repairs – Tenants or Landlords?
In every state – Texas included – renters are entitled to live in safe, livable conditions, regardless of the price of rent. “Livable” consists of the very basics, like a roof to keep out sun and rain, a reliable home heating system, hot water, and sturdy infrastructure so that the building is in no danger… [Read More]
How to Determine Normal Wear vs. Actual Property Damage
When you bring tenants onto your property, a certain amount of damage is simply the cost of doing business. As a landlord – especially an inexperienced one – it can be difficult to determine the difference between actual damage and normal wear and tear. Particularly since it’s your property, it’s easy to become protective, and… [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…