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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In a hypothetical model, a property owner should be able to generate positive cash flow with a rental property in an attractive neighborhood. If your total monthly expenses amount to an average of $2,000 per month, you should be able to charge more than $2,000 a month in rent, ultimately making it a profitable property… [Read More]
One of your biggest priorities as a landlord is going to be keeping your property occupied. When the property is vacant, you’ll want to fill it as soon as possible. When the property is filled, you’ll want to keep your tenants for as long as you can. That’s because an unoccupied property is going to… [Read More]
Did you know that 58.2% — around six in 10 — Texas households’ own pets? What does this mean to you as a rental property owner? The reality is that many of the people who apply to become tenants at investment properties have cats, dogs, and other pets. The good news is that landlords in… [Read More]
In the world of rental properties, landlords strive to keep their overhead low and their returns high. One of the best ways to achieve this is not to spend money on a rental unless necessary. Unfortunately, living by this rule can prove to be detrimental to your property and the value of your home. Why… [Read More]
While many landlords may be focused on finding the right tenant, renters are also assessing your property and the landlord to determine if the situation and property will also be beneficial for them. In order to attract the right tenants, a landlord should be aware of what most good renters are also looking for. Finding… [Read More]
You’ve probably dealt with your fair share of noisy neighbors, loud music at 2 am, random disturbances, and other disruptions to daily life over the years. Who hasn’t? It’s safe to say that everyone knows what it’s like to be interrupted by some type of disturbance coming from outside of their home. However, breach of… [Read More]
No matter how much you try, it’s impossible to control everything your tenants do with your property. A large portion of the risk involved in owning rental properties is that tenants are unpredictable. One of the most problematic things tenants do is run an Airbnb business. Regardless of what’s in their lease, some tenants feel… [Read More]
Price is perception. As a real estate investor and property owner, pricing is all about perception. If the property is perceived as being desirable, you can charge more than if the property is not seen as desirable. Sounds pretty obvious, right? But it’s not always something that landlords take into account. If you want to… [Read More]
Do you know one of the best ways to frustrate good tenants to the point where they move out? You can achieve this objective by providing poor customer service. The best tenants won’t put up with a landlord they don’t respect. They’ll instead head right for the exits at the end of their leases in… [Read More]