It’s a common practice for landlords to collect a security deposit and first month’s rent when their new tenants move into their rentals. Doing this not only protects you and your investment but also sets the tone for the tenants moving in. After all, you are running a business and being able to pay for [...]
Owning a rental property in the Houston area is a lot of work. While you may be generating a generous annual profit, there’s a lot to do. This is especially true if you are self-managing your property and handling property maintenance. That’s why so many property owners opt to hire a professional property manager in [...]
When a tenant moves into a property and pays a security deposit, he still owns the money. You’re only holding it in escrow for that tenant. When the tenant moves out, you’re either going to have to return the money to the tenant or provide a report stating clearly why you aren’t. […]
There are several ways to increase the cash flow on your investment property, and essentially it requires you to increase your income and reduce your expenses. Today, we’re sharing some ideas for how to do that with your Houston rental property. […]
When you’re determining how much to rent your house for, the old story of location-location-location still holds true. A house in a great location will get more money than the same house in a bad location. So if you’re preparing to invest, make sure you buy a property in a desirable location. There are other [...]
As a landlord, you hope that the rent is never late, but even the best tenants have financial setbacks. When things happen, the rent is going to be paid late once in a while. If you have a consistent rent collection policy in place and a system for screening tenants well, you won’t have to [...]
When you’re hiring a professional property management company to preserve the value of your rental home, there are a few specific things you should look for. Today, we’re helping landlords and investors identify what they want in a property manager. Look for a Management Company with Experience Experience in the local market and the property [...]
