Lockboxes are a convenient way for property managers and landlords to provide secure access to rental properties, but they are not immune to theft. If a lockbox disappears from one of your rental properties, it could indicate a potential security risk. Here’s what you should do to protect your property and your tenants. Rekey the…
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Lease renewals in Texas, particularly under the Texas Association of Realtors (TAR) lease, follow a specific process that is important for both landlords and tenants to understand. These renewals function under an “evergreen” clause, meaning they renew automatically under certain conditions. Here’s a closer look at how lease renewals work in Texas. Understanding the TAR…
When considering whether renting out your home is a good investment, there’s no one-size-fits-all answer. The profitability of such a venture depends on several factors, including acquisition cost, mortgage terms, property taxes, and local rental market conditions. However, there are compelling benefits to turning your home into a rental property. Let’s explore the two main…
Handling abandoned property is a common issue faced by landlords, particularly in cases involving breach of lease agreements. While it can seem like a hassle, Texas law provides specific guidelines for landlords to manage such situations. Below, we’ll outline the practical steps landlords can take when dealing with abandoned property. Understanding Abandonment in Texas In…
A short sale is a unique and often complex transaction in real estate that arises when a homeowner owes more on their mortgage than the current market value of the home. In this situation, the homeowner seeks permission from their lender to sell the property for less than the amount owed, with the lender agreeing…