Determining the right time to increase rent is a crucial decision for landlords. It’s a balance between covering rising costs and maintaining a good relationship with tenants. Here’s a guide on when and how landlords should consider raising rent. Lease Renewal Period Typically, leases are for a 12-month period. The best time to consider a…
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Understanding how to report rental income is crucial for landlords. The method you use can vary depending on how you own your rental properties and your specific tax situation. Here’s a breakdown of the most common ways landlords report rental income. Reporting Rental Income on Schedule E Most landlords own properties either as a disregarded…
Leaving a rental property vacant for an extended period can lead to several significant problems for landlords. Whether due to a slow market or other circumstances, a vacant home can cause numerous headaches and financial losses. Here are four major issues that Texas landlords should be aware of when dealing with vacant properties. Pest Infestations…
A common question we receive at our management company is, ‘Who is responsible for property damage after a storm?’ With Houston recently experiencing approximately 100-mile-per-hour straight-line winds, many trees have fallen, causing significant damage. Here’s what property owners need to know about their responsibilities in the aftermath of such natural disasters. General Rule of Responsibility…
When considering various real estate investment opportunities, one question that often arises is whether student housing is a good investment. The short answer is that it can be, but our management company doesn’t recommend it for most property owners. Here’s why: High Turnover and Property Wear Student housing typically experiences a high turnover rate. Unlike…