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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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]
When it comes to rental properties, most landlords are fairly “tenant agnostic.” In other words, it doesn’t matter what the tenant does for a living, what profession they’re in, where they’re from, or how much money they make. As long as the tenant passes a background check, has good referrals, and meets the minimum income… [Read More]
Did you know about 44 million housing units were occupied by renters in the U.S. last year? Finding good tenants is hard work. It involves advertising vacancies in the right places, charging competitive rental rates, conducting thorough background checks, and doing other things. One source notes that the average time a U.S. renter in a… [Read More]
Before you can start collecting rental income, you need an active tenant. And before you get an active tenant, you’ll need to collect tenant applications from potential candidates. On these applications, your tenants will provide tons of personal details, including their identifying information, rental history, employment information, and more. So, what should you do if… [Read More]
Sometimes as a landlord, you’ll get lucky. You’ll find a nearly perfect tenant with excellent credit, punctual and respectful habits, steady income, and a burning desire to make rent payments on time while keeping your property in good condition. Sometimes, you won’t be nearly so lucky. If your property portfolio is big enough and you… [Read More]
Did you know that real estate investors scooped up almost two in 10 — precisely 18.4% — of homes sold in the U.S. during the final three months of 2021? It’s well-known that investing in real estate can be a profitable endeavor over time. In addition to the potential for significant property value increases, real… [Read More]
The move-out process begins each time a tenant gives notice or if you decide to terminate a renter’s lease. The process plays out whether it’s organized or not, but it’s typically smoother when planned. The move-out process occurs in multiple stages. Sometimes it’s not very even. Tenants refuse to vacate, and some leave behind massive… [Read More]
Over 44.1 million households rent their homes in the United States. You may be looking to expand your financial portfolio or are interested in making passive income. Renting your home may be a great place to start if you’re financially able to commit. However, in the state of Texas, there are certain requirements, laws, and… [Read More]
As landlords, we typically look at our properties through the lens of what we want out of an investment. But maybe it’s time that we peel back the curtain a bit and study what tenants are actually looking for in the properties they rent. Because at the end of the day, that’s all that matters…. [Read More]