5 Benefits of Hiring a Property Management Company in Houston, TX
By Precision Realty and Management, LLC Wednesday, February 7, 2024
How many of your Houston, TX rental properties are currently sitting vacant? The rental vacancy rate in the US increased to nearly 6.5%. As your properties sit vacant, you'll start losing money.Before that happens, consider hiring an experienced property management company. T...
By Precision Realty and Management, LLC Sunday, January 21, 2024
58% of Houston's residents are renters, which presents a fantastic opportunity for rental property owners.With so many renters in Houston, you should never have a problem finding tenants. Good tenant screening practices will ensure you get a qualified tenant, but it won't...
The Pros and Cons of Allowing Pets in a Rental Property in Houston, TX
By Precision Realty and Management, LLC Sunday, January 7, 2024
Over 60% of Americans own a pet and about half of pet owners say that their pets are as much part of their family as humans.If your rental applicants are avid pet owners, they aren't going to choose your property if you don't allow their family. Allowing pets in a rental ...
3 Ways to Conduct a Tenant Background Check in Houston, TX
By Precision Realty and Management, LLC Thursday, December 21, 2023
Houston has an average rental vacancy rate of about 10% despite the high demand for rental units. Maybe you find that you're getting plenty of applicants but your tenants break their leases or don't resign for another year.If you're facing high tenant turnover, it'...
3 Tips for Effective Maintenance Coordination in Building Management in Houston, TX
By Precision Realty and Management, LLC Thursday, December 7, 2023
Thanks to an abundance of newly constructed buildings, the U.S. rental market is finally starting to cool. That's good news for tenants, but it means Houston landlords now face a more competitive market in this thriving city.It's difficult to compete with new construction...
What Are the Pros and Cons of Living in Houston, Texas?
By Precision Realty and Management, LLC Tuesday, November 21, 2023
It can be hard to figure out where to purchase property. There are so many popular markets throughout Texas, and you want to make sure you choose the right one.Houston might seem like an appealing option - but do people actually want to live there?Read on to learn all about the p...
The Best Tips on How to Collect Unpaid Rent After Tenant Moves Out
By Precision Realty and Management, LLC Tuesday, November 7, 2023
Landlords in Houston, Texas make over $90,000 a year. Of course, it can take a while to start bringing that kind of money. You first need tenants who pay their rent on time every month.The last thing you need is for someone to move out without paying their final bill, but it happ...
Rental Analysis: Why It's Important and How to Do It Right
By Precision Realty and Management, LLC Saturday, October 21, 2023
In Texas, homes sell for an average of around $305,000. Believe it or not, this is less than half what you can expect to pay in California.To maximize your Houston real estate return on investment, it's essential to assess your rental property's potential. Conducting rent...
By Precision Realty and Management, LLC Saturday, October 7, 2023
For many, buying a home is not possible, and they're left with renting. At the beginning of 2021, around 43.32 million housing units were being rented by Americans.When you own an investment property, you can let your rental through an agency or become a private landlord. If ...
4 Common Rental Property Accounting Mistakes All Houston Landlords Should Avoid
By Precision Realty and Management, LLC Thursday, September 21, 2023
Did you know that between 45 and 50% of property owners in the United States manage their own properties? Most of these landlords are in charge of the accounting and management of three rental properties.Taking care of your rental property accounting comes with many perks, the ma...