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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Should You Help Your Houston Tenants Struggling to Pay Rent During a Crisis?
You bought your rental property as an investment to generate income. When a tenant can’t pay rent on time, it can set you back financially. If you rely on rent to cover your mortgage, you’ll need to dip into your savings account and that’s never a good situation. Currently, the world is experiencing the effects… [Read More]
Concerned About Dishonest Applicants? Use These Screening Strategies
All landlords in Houston aim to find the best possible tenants, but sometimes that’s a difficult task. Fair Housing laws prevent landlords from getting too personal during the screening process and even when you don’t break any discrimination laws, some rejected tenants will file a lawsuit anyway.
Is an Elevated Vacancy Rate Holding You Back?
Investing in rental property isn’t for everyone. You need some capital, a certain degree of risk tolerance, and a willingness/ability to pay attention to the details. But ultimately, the formula for land lording success isn’t that complex. It looks a little something like this:
Choosing Your Top Tenant Applications: Who Stands Out?
The rental applications have come flooding in and it’s time to start reviewing them – but what should you look for? Too often, guides to the tenant selection process focus on red flags and while those are important, you want great tenants, not just acceptable ones. At the end of the day, red flags don’t… [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]
6 Ways to Earn a Tenant’s Trust (and Why it Matters)
If you’re the landlord, does it really matter if a tenant trusts you? Absolutely. A tenant who trusts and respects their landlord is less likely to cause careless damage to the property. They’re also more likely to communicate with you and work with you to resolve problems.
What Credit Score Should You Look For in a Tenant?
When you have a vacancy at your property, you’ll be tempted to fill it as soon as possible. But in most cases, it’s better to carefully screen your tenants, so you can be sure you fill the property with a candidate who will pay you consistently, on time, and preferably for as long a period… [Read More]
7 Tips to Make Your First Rental Property Easier to Manage
Rental property is one of the best investments you can make, and on paper, it seems pretty easy to get started. All you have to do is buy a property, pay a flat mortgage rate, and collect rent in excess of your mortgage payments, right? In reality, being a landlord is much more complicated. You’ll… [Read More]
5 Questions You Should Always Ask Prospective Tenants (And 5 You Shouldn’t)
As you may know from previous experience, good tenant screening is one of the single most important factors in being a profitable landlord. The right tenants lead to high occupancy rates, low attrition, and steady and reliable income. They cause fewer headaches, do less damage to your property, and simply make your life easier on… [Read More]
4 Things You Should Stop Doing If You’re a Landlord
You have a lot to do as a landlord. Properties don’t take care of themselves, and it’s your responsibility to see that your properties are in tip-top shape for your tenants. This often has you staring at an impressive number of items on your to-do list. Thinking about your to-do list isn’t necessarily a productive… [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…