What Is the Best Way to Collect Rent as a Landlord?

By Precision Realty and Management, LLC Friday, August 19, 2022

As a landlord in Houston, you know that rent is one of your most important sources of income. But it can also be frustrating and time-consuming to collect on time.In this guide, we list and review popular methods on how to collect rent as a landlord. We cover everything from onli...

6 Tips for Buying Your First Investment Property

By Precision Realty and Management, LLC Friday, August 5, 2022

Did you know that regular individuals own 41% of all rental properties in this country? It's true, so it's not crazy if you're considering purchasing some rental properties. But, how do you buy your first investment property? After all, you have to start somewher...

Real Estate 101: How do You Become a Landlord?

By Precision Realty and Management, LLC Thursday, July 21, 2022

Over 44 million people in the United States rent their homes. That means that behind everyone's home that is rented, there is someone doing the property management.That doesn't even include Airbnb, Vrbo, or any other vacation rental site.However, if you are thinking ...

Investing for Beginners: Is Real Estate a Good Investment?

By Precision Realty and Management, LLC Thursday, July 7, 2022

If you are asking yourself, 'is real estate a good investment,' the answer is yes! Real estate investing can reap big rewards over the long term and set you on a successful financial path. In the past ten years, housing wealth grew by more than $8 trillion - now is the ti...

How to Negotiate a Lease Renewal

By Precision Realty and Management, LLC Thursday, June 23, 2022

Lease renewal is coming around, and one thing has changed the economic inflation rate. Because of the increase in inflation, it's only natural to increase the rent your tenants pay during the lease renewal period. This will ensure you're able to cover the inflation increa...

The Pros and Cons of Hiring a Leasing Management Company

By Precision Realty and Management, LLC Thursday, June 9, 2022

Do you own a rental property in Houston Texas? If you answered yes to this question, you probably understand how important it is to be a reputable landlord.Whether you own a single-family rental home, a multi-family property, or a handful of rental units, what your tenants think ...

How You Should Be Calculating a Your Tenants Security Deposits

By Precision Realty and Management, LLC Thursday, May 26, 2022

Are you a real estate investor wondering how to calculate security deposits? It is important to determine what a fair deposit will be before you hand the tenant the keys. 9 out of 10 renters paid an average security deposit of $700 in 2021.So how do you calculate security deposit...

Are Your Troublesome Tenants Under Eviction Protection?

By Precision Realty and Management, LLC Thursday, May 12, 2022

Having a rental property can be a lucrative way to build wealth. Yet, there are many things about being a landlord that you should consider first. It can be helpful to understand rental leasing and leasing management in its entirety before becoming a landlord. Bein...

3 Tips for How to Handle Security Deposits and Rent Collection

By Precision Realty and Management, LLC Tuesday, April 19, 2022

Security deposits and rent collection—these are two of the most crucial and sometimes daunting tasks a landlord has to manage.Thankfully, collecting rent is easier now than ever before, giving you plenty of options. Taking security deposits is also a straightforward process...

3 Rental Property Management Tips for Property Managers

By Precision Realty and Management, LLC Tuesday, April 5, 2022

In 2019, the rental vacancy in Houston, Texas, fell to 8.79 percent. And with rental prices skyrocketing, keeping renters happy and properties full is crucial. As a property manager, it's your responsibility to handle all the components of the property. These include ten...