Dos and Don’ts for Collecting Late Rent

The one thing all landlords can agree on is that the day rent is due, is the best or worst day to be a landlord! In many cases rent collected by landlords cover fees and costs that the landlord needs to pay for whether they collect rent or not. Many investment properties have costs such as a mortgage, HOA fees,…

Negotiating a New Lease?

Every lease renewal should keep both the tenant’s and landlord’s best interests in mind.  While most people would say it’s impossible to please everyone, if handled correctly, a lease renewal can leave both parties happy.  If you have a tenant that pays on time each month, respects the rental property, and doesn’t excessively call-in complaints or maintenance requests; you should…

Buying an Investment Property After a Natural Disaster: Houston Real Estate + Hurricane Harvey

According to multiple reports, Hurricane Harvey damaged a quarter of Houston’s real estate.   As Houston rebuilds after the historic and unprecedented flooding, real estate will be bought and sold.  Just as we saw with Hurricane Katrina and more recently Superstorm Sandy, flood-damaged properties sell at considerably lower prices.  If you are considering expanding your real estate portfolio, the prices…

What is a True Emergency Repair?

Any property management professional will tell you that tenant repair requests span from a light bulb change to a malfunctioning appliance to the HVAC system dying. Every tenant thinks that their maintenance request is an emergency, a good property management company will know what truly is an emergency and what simply needs to be fixed in a timely fashion. Why…

What Should I do with my Home When I Relocate Overseas?

Whether you’re relocating for a new job or a new position, the move is going to be a big one! But before you start planning, you’ll have to make some pretty big decisions first. Do you need to change banks? File for a work visa or passport? Do you even need to take your car? Should you sell it? Or…

Prepare Your Properties for Summer

In Texas, Summer and heat go hand in hand. We not only embrace both, we kind of have no other choice. For the next couple of months, school is out, summer vacation has begun and sunburns are a dime a dozen. With more flexibility for time off, Summer is not only vacation time, it’s also prime time for moving. As…

When to Hire a Property Management Company

Owning property is more complex than Monopoly made it out to be. Yes, of course, you’ll purchase property, pay utilities, pass “go” and hopefully collect more than $200, but a true assessment of leasing property, includes far more responsibilities than any Hasbro game. As a landlord you are the direct contact between tenants, vendors and lawyers. You will be in…

Five Questions You Should Ask Your Potential Tenants

Congrats! You’ve just listed your rental property and already have some responses. Now with applicants lining up, what’s the next step? How do you decide which tenant to pick? Choosing a tenant is probably the biggest decision you’ll make when leasing a property. The right tenant can seem like a dream while a bad one can cause aggravation, stress, and…

Do’s and Don’ts for First Time Landlords

So you’ve decided to become a landlord and are ready to post your first “For Rent” sign.   Though as a new landlord you are eager to fill your rental and start making money, set yourself apart by taking the time to learn the ins and outs of the business. Don’t leave money on the table by rushing into your…

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