Real estate investors looking to build wealth and avoid immediate tax liabilities often explore the benefits of a 1031 exchange. Named after Section 1031 of the Internal Revenue Code, this powerful strategy allows investors to defer capital gains taxes when selling and reinvesting in another income-producing property. Here’s how it works and why it’s such…
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When negotiating residential real estate contracts in Texas, it’s important to understand the timelines and deadlines involved in real estate contracts—especially if you’re using the standard TREC (Texas Real Estate Commission) One to Four Family Residential Contract. There can be some confusion on how to properly count days in the contract. This article will discuss…
Efficient tenant repair management is crucial for property managers who want to maintain high tenant satisfaction while keeping operational costs under control. By leveraging software automation and building a robust vendor network, repairs can be completed faster, more competitively, and with minimal disruption. Below, we explore the key strategies that enable rapid and effective tenant…
Property management can be challenging, especially when tenants fall behind on rent. One effective strategy involves negotiating payment plans while still moving forward with the eviction process in the background. This balanced approach offers tenants the opportunity to catch up on rent, while protecting property owners from potential losses. In this post, we explore this…
If you’re new to Texas or a first-time home buyer, navigating the real estate market can feel overwhelming. One key tool that can simplify the process is the TREC promulgated One to Four Single Family Resale Contract. This free, standardized contract—available directly from the Texas Real Estate Commission (TREC) website—is the most popular form for…