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…
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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…
As a leading property management company in Texas, Silberman Realty is committed to protecting the interests of property owners while ensuring tenants meet rental requirements. When screening prospective tenants, there are three major red flags that can lead to a denial. These factors ensure the quality and reliability of tenants in rental properties. 1. Prior…
The real estate industry has seen significant changes recently, especially regarding how buyer’s agent commissions are handled. Sellers and listing agents are no longer required to disclose a specific buyer’s agent fee in the MLS when listing a home. This development has left many sellers wondering: Should I offer a buyer’s agent fee? If so,…
When it comes to property management, maintaining a reserve fund is a critical yet often overlooked component of successful property ownership. This post details the importance of reserves, the benefits of maintaining them, and discusses suggested reserve amounts. Why Property Management Reserves Are Essential Reserves are funds set aside by property owners with their property…
The question of whether open houses are an effective tool for selling homes in Texas has been a point of discussion in real estate for years. Since the internet became the predominant means of marketing real estate, traditional open houses have often been regarded as a means to appease sellers, giving the impression that agents…
When purchasing a rental property, accurately estimating your expenses is key to maintaining a profitable investment. One of the most important factors in this equation is vacancy cost—the time your property sits empty between tenants. Conservative estimates can protect your cash flow, but being overly cautious might leave money on the table. In this post,…
In the real estate industry, selling a property often involves significant costs, especially when hiring a full-service Realtor. However, a flat fee listing service offers a more affordable alternative, allowing sellers to list their property on the Multiple Listing Service (MLS) for a set price while handling much of the process themselves. Here’s an overview…
Selling a property is always a big decision, but it can become more complicated when the property is occupied by a tenant. Whether you’re a landlord looking to offload a rental property or you’re selling for other reasons, it’s important to understand how to navigate the sale while still respecting the tenant’s rights. The Legal…
When it comes to HVAC maintenance and repairs, property owners often turn to large, well-known companies for service. These companies frequently advertise heavily and appear to offer comprehensive solutions for heating and cooling needs. However, there’s more to the story when it comes to how these large HVAC outfits operate, and it’s important for property…
Bathroom renovations can be a significant investment, especially for property owners looking to maintain or increase the value of their rentals. The cost of a bathroom renovation can vary widely depending on the scope of work, the size of the bathroom, and whether you’re reconfiguring the layout. Here’s a breakdown of what you can expect…
The Multiple Listing Service (MLS) is an essential tool in the real estate industry, providing a centralized platform for listing properties. Controlled by licensed Realtors, the MLS plays a crucial role in facilitating property transactions by offering a powerful database that connects buyers, sellers, and renters with available properties. Let’s dive into what the MLS…
When it comes to creating a compelling property listing, high-quality photographs are essential. Whether you’re trying to attract tenants or buyers, the images you include can make or break your listing’s success. Here’s why hiring a professional service that specializes in real estate photography is one of the best investments you can make. Why Professional…
In the context of residential leases, it’s important to distinguish between a tenant and an occupant, as these roles come with different responsibilities and rights. Who is a Tenant? A tenant is an individual who has entered into a formal agreement, often a lease, with a landlord. This agreement outlines the tenant’s responsibilities, which typically…
Including floor plans in sale and lease listings is a topic of debate among landlords, sellers, and property managers, especially in Texas. While not traditionally popular in the state, the use of floor plans in listings has proven beneficial in other parts of the country and could offer advantages to property owners and managers. The…
Mold is a common issue in rental properties, especially in regions with high humidity like Houston, Texas. Excessive mold not only damages property but can also pose health risks to tenants. Here are some essential steps landlords can take to prevent mold growth in their rental properties. 1. Control Water Penetration Water penetration is one…
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…
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…
The rise of remote work has reshaped various aspects of our lives, including the real estate market. With more people working from home, property investors and landlords are now able to explore and invest in markets beyond the traditional Texas metro areas that have experienced significant growth, such as Austin, Dallas, Fort Worth, Houston, and…
Managing rental properties comes with its share of challenges, including handling tenants who make payments that bounce or get rejected. Whether it’s a check that bounces or an electronic payment that is declined, it’s essential to know how to address these issues promptly and efficiently. Common Payment Issues In today’s digital age, many property management…
When it comes to property management in Texas, the necessity of a real estate license hinges on specific duties and the type of property being managed. Understanding these nuances can help property managers and property owners navigate the legal requirements set forth by the Texas Real Estate Commission (TREC). Licensing Requirements for Single-Family Housing In…
If you’re a landlord considering whether to handle property repairs yourself, it might seem like a good way to save money and keep a close eye on your investment. Performing repairs personally can offer the chance to inspect the property and ensure that everything is in good condition. However, there are important factors to consider…
When managing rental properties, one common question landlords face is whether to allow tenants to paint the interiors. At first glance, allowing tenants to personalize their living space may seem like a harmless concession. However, this decision can have significant implications for property management, especially when it comes time to prepare the unit for the…
While not a common occurrence, vacant properties can sometimes become targets for squatters. This poses a significant challenge for property owners. Understanding the legal remedies available is crucial to resolving such situations effectively. Identifying a Squatter A squatter occupies property without any legal claim or title. Unlike tenants, squatters do not have a lease agreement…
When it comes to managing rental properties, one common question that arises is who is responsible for maintaining the trees? In Texas, the answer can vary depending on the terms of the lease agreement. Understanding the Lease Agreement The Texas Association of Realtors (TAR) residential lease is widely used across Texas for single-family homes. This…
Determining the right rental price for your property can be the key to quick tenant placement and optimal returns on your investment. With the right approach, landlords can set a competitive rental price that aligns with the current market conditions, ensuring that their property doesn’t sit vacant for too long. Here’s how to effectively price…
As a landlord, dealing with noisy tenants or other nuisances can be challenging. In Texas, the standard for what constitutes a legally actionable nuisance is high. It’s essential for landlords to understand their responsibilities and the proactive measures they can take to manage these situations effectively. Understanding Nuisance in Rental Properties A nuisance involves more…
Navigating a divorce involves sorting out shared assets and deciding who gets what. This can become particularly complex when it involves rental properties. In Texas, which adheres to community property laws, the division of these assets must follow specific rules that may impact your real estate investments significantly. Understanding Community vs. Separate Property In Texas,…
Subleasing can seem like a flexible option for tenants who need to move before their lease is up. However, in Texas, the rules surrounding subleasing are strict, primarily to protect the interests of landlords and maintain property integrity. The Stance on Subleasing In Texas, the standard approach towards subleasing comes from the Texas Association of…
Understanding the SCRA The SCRA is a federal law that offers various protections for active-duty service members, including the ability to terminate residential leases without penalty upon deployment or relocation. This act ensures that military personnel can serve without worrying about civil obligations back home. The Texas Association of Realtors Lease Provisions In Texas, the…
For landlords in Texas, setting late fees for rent payments can often feel like navigating a legal minefield. With specific regulations in place, it’s crucial to understand exactly how much you can charge to ensure compliance with state laws. Here’s a comprehensive guide on late fees for single-family housing and dwelling units, shedding light on…
In the world of property management, the tenant screening process is a critical step in finding the right occupant for your rental property. While a high credit score can be a reassuring indicator of a tenant’s financial responsibility, it’s not the only factor landlords should consider. Here’s a closer look at why a more comprehensive…
In the world of Texas real estate, one question frequently surfaces among landlords and property owners: Should you allow pets in your rental home? With a significant portion of the population owning pets, the decision to implement pet-friendly policies has become more than a matter of preference, it’s a necessity for staying competitive in the…
Bed bugs were once an afterthought for landlords, but not anymore. In recent years, they’ve become a full-blown nightmare plaguing rental properties across Texas. What used to be a rare nuisance has surged into a major issue that raises a lot of questions around responsibility and proper response. Understanding Bed Bug Responsibility Traditionally, pest control…
Running rental properties comes with its fair share of headaches. Dealing with security deposits is a big one. Lawsuits from tenants are uncommon, but they do happen. Improper security deposit accounting after the tenant moves out is the number one reason landlords get sued. There’s a lot that can go wrong in the process. At…
In the complex world of property management, tenant screening reports are crucial tools for making informed decisions. Yet, recent developments have cast a shadow over their reliability. A staggering $20 million fine against TransUnion by federal authorities highlights a growing concern: the accuracy of these reports. This incident is a wake-up call to the industry,…
When you’re a landlord in Texas, it’s important to understand the rules around entering your rental properties. Unlike some states, Texas doesn’t have set laws about how much notice you need to give tenants before entering their home. But that doesn’t mean you can just walk in anytime you want. Generally, it’s best to notify…
As a landlord in Texas, you’ve likely come across the term “quiet enjoyment” in lease agreements. But what does it really mean? Contrary to popular belief, and even as misrepresented on some authoritative websites, quiet enjoyment isn’t about guaranteeing tenants a noise-free environment. The Legal Meaning of ‘Quiet Enjoyment’ The phrase “quiet enjoyment” in real…
Wall Street is transforming the rental market by constructing entire neighborhoods of rental homes. Moving away from other models like multifamily and existing home purchases, these large-scale developments maximize rental profitability because of their longer tenant stays, stronger rent growth, and efficient maintenance. This trend represents a significant shift in real estate investment, with Wall…
You’ve probably heard the buzz about tiny homes in Texas. These little gems are more than just a trend; they’re a game-changer in the housing scene. Driven by a growing interest in sustainable and affordable living, Texans are now looking at tiny homes as a real option. This shift has caught the eye of smart…
The real estate scene in Texas is buzzing with a new trend that’s catching the eyes of savvy renters and landlords alike. Gone are the days when a simple rent reduction was the go-to move to attract tenants. As we cruise into 2024, a more nuanced strategy is taking center stage: offering irresistible tenant incentives.…
For landlords, durable rental properties that minimize repairs can yield higher returns. With the lack of availability in resale properties for sale, building new rental houses designed to last is proving to be a better alternative.. Follow these three tips when building to rent: Choose Durable Flooring Avoid carpet, which wears out quickly in rentals.…
The housing market in Austin and across Texas is red-hot, with home prices and rents rising faster than many middle-class families can afford. In our recent video, we discussed how cities like Austin are turning to “upzoning” – allowing more housing density on existing lots – as one strategy to boost the supply of affordable…
One of our property management staff recently posed a question concerning a scenario where a tenant vacated a property eight months before their lease ended. They inquired: “If a tenant vacates early and the owner is not making any effort to re-lease the property, can we still charge rent or at what point do we…
Harnessing the Power of Lease Guarantees for Single-Family Homes In the dynamic landscape of Texas real estate, particularly for single-family homes, property management entails not just maintaining the physical asset but also ensuring financial stability and mitigating risks. One effective tool in the arsenal of property owners and managers is the Lease Guaranty. This instrument,…
As a landlord in Texas, understanding the eviction process is crucial to managing your rental property effectively. Evictions are sensitive matters and must be handled legally and ethically. This guide outlines the steps involved in evicting a tenant in Texas. Step 1: Establish a Valid Reason for Eviction Before starting the eviction process, ensure you…
The Importance of 1099-Misc Returns for Property Owners with Management Companies As a property owner, understanding the intricacies of 1099-Misc forms is crucial, especially if you work with a property management company. These forms are not just pieces of paperwork; they are key tools used by the IRS to ensure proper reporting of income. 1099…
As the owner of a single-family rental in Texas, it’s essential to realize that income-producing real estate is very much like running a business. To ensure the financial health of your investment, it’s imperative to be familiar with certain key financial statements. Our management company understands this need and provides annual statements to assist owners…
Managing a rental property in Texas, especially a single-family home, involves a careful balance of responsibilities and financial management. Property managers play a crucial role in overseeing the day-to-day operations of rental homes. Their duties are extensive, ranging from collecting rent to handling the nitty-gritty of property maintenance. A previous article from our management company…
Renting out your house in Texas by the room may seem like a financially appealing option, but it’s almost never a good idea. There are numerous complexities and liabilities that come with this approach, which often outweigh the potential benefits. Here’s why you should think twice before renting out individual rooms in your house: Liability…
Renting a single-family home in Texas typically comes with a security deposit requirement. This deposit, usually equivalent to a month’s rent, serves as a safeguard against potential property damages beyond normal wear and tear. For homeowners using management companies, the handling of these security deposits often falls under the purview of these firms. However, some…
Property management can be a complicated business, especially when dealing with single-family rentals. One of the key components of this business in Texas, or anywhere for that matter, is understanding how owner distributions work when using a management company. These distributions are crucial for property owners, as they represent the return on their investment after…
As a property owner, you’re often faced with important decisions regarding the maintenance and repair of your property. One such decision is whether to use the in-house repair service of your property management company or to mandate that the management company uses third-party repair vendors. This choice can have significant implications for your property’s upkeep,…
Navigating the intricacies of property management agreements can often seem like a daunting task for property owners. One of the most crucial aspects to understand is the common term of such agreements, particularly in the context of single-family rentals in Texas. In this post, we’ll dive into the specifics of the most commonly used management…
Owning a rental property can be both rewarding and challenging. As an owner, one of your primary concerns is ensuring a steady stream of income. That’s why it can be surprising to some property owners to learn that some property management companies might still charge them even when the property is vacant. The Common Practice:…
The unexpected death of a tenant can be a daunting and challenging situation for landlords. In Texas, there are specific laws and provisions that dictate how these circumstances should be handled, especially when it comes to ending leases and handling personal property. This article will focus on the guidelines set by the Texas Property Code…
Understanding the legalities surrounding assistance animals, particularly in the context of housing and rental agreements, is vital for both landlords and tenants. This knowledge is crucial when discussing whether landlords in Texas can charge a pet deposit for an Emotional Support Animal (ESA). The Law Surrounding Assistance Animals It’s a common misconception that the Americans…
Dealing with a tenant who has left personal property behind after vacating can be a tricky situation for landlords, particularly in Texas. Whether you find yourself staring at a pile of old magazines or a brand new TV screen, understanding your rights and responsibilities is crucial. The Common Scenario: Low-Value Items Most of the time,…
When it comes to leasing single-family homes in Texas, the journey often goes through a specific, influential route: Realtors. These real estate professionals aren’t just agents skilled in negotiation and property marketing; they’re gatekeepers to a complex, interconnected world of listing services that most property owners can’t easily access independently. The Single Family Rental Listing…
Owning a rental property comes with its own set of challenges, one of which includes ensuring that your tenants maintain the yard. In Texas, the TAR Residential Lease is the most common lease agreement and obligates the tenant to take care of the yard. So, what happens when the tenant neglects this duty? Understanding Yard…
Owning rental property comes with its own set of challenges, and one of the biggest concerns for landlords is how to handle repairs and maintenance. As a solution, some landlords consider purchasing a home warranty, also known as a residential service contract. However, is this the right move? Firstly, let’s understand what a home warranty…
Whether you’re an investor or a homeowner considering renting out your property, property management in Texas can seem daunting. However, professional property managers can alleviate much of this stress, handling the minutiae of rental operations. This article delves into the typical services provided by property managers for single-family rentals in Texas, ensuring your investment not…
In Texas, property management isn’t just a business; it’s an essential service that thousands of property owners and renters rely on. However, just like any other service, it requires a level of professional conduct and oversight. This begs the question: Must property managers be licensed in Texas? Let’s dive deep into the regulations governing this…
Before we delve deep into this topic, it’s essential to make clear that this post is not a substitute for legal advice. If you or someone you know is dealing with family violence or has questions about terminating a lease due to such circumstances, please consult an attorney for guidance tailored to your situation. Understanding…
Terminating a business relationship can be a daunting task, especially when it comes to something as important as property management. Some property managers may fail to meet their obligations, prompting landlords to reconsider their choice. This post will focus on best practices for terminating a property management contract when there’s a material breach and the…
Being a landlord is not just about collecting rents and ensuring the maintenance of properties. It also entails adherence to a host of legal requirements. One such pivotal requirement for Texas landlords is the obligation to disclose specific information about rental property ownership and management. As outlined in Section 92.201 of the Texas Property code,…
Renter’s insurance, often an overlooked aspect of rental agreements in Texas, plays a crucial role in protecting tenants. Renter’s insurance is paid for by the tenant, aimed at safeguarding personal property from various risks like theft or fire. It also covers living expenses if the rental property becomes uninhabitable due to casualty and offers personal…
Disclaimer: This post largely contains opinions based on the author’s experience as an attorney and property manager concerning mold. It should not be taken as legal or medical advice. Any parties dealing with a mold issue should consult an attorney and/or doctor for guidance specific to their situation. Mold is a common issue faced by…
Owning rental property in Texas is more than just a passive investment – it’s a business endeavor that comes with its fair share of risks and responsibilities. Just like any business, managing risk is crucial for landlords. One of the most powerful tools in risk management for landlords is insurance. In this blog post, we…
Rental property owners in Texas must adhere to various safety and security requirements outlined in the Property Code. In particular, Chapter 92 Subchapter D and F detail express requirements for ensuring the safety and well-being of tenants in rental homes. However, it’s crucial to note that this blog post is not an exhaustive list of…
When it comes to owning single-family rental properties, there are various ways to structure ownership. Property owners have choices, including holding properties in their individual names, establishing LLCs, corporations, or partnerships. While many owners initially purchase rental homes with their names on the title due to lender requirements, it’s a common practice to retitle the…
If you’re a landlord in Texas looking to hire a property manager, one of your top concerns is likely to be the cost of their services. Property management fees can vary widely, and it’s essential to understand what you’re paying for and how much it will cost you in the long run. In Texas, single-family…
When it comes to renting residential properties in Texas, landlords and tenants enjoy a significant degree of freedom to contract. This means they can use whichever lease form they prefer, as long as it complies with the law. However, the most common residential lease used for single-family rentals in the Lone Star State is the…
In the realm of real estate investing, many so-called experts and coaches tout single-family rentals as the golden ticket to wealth. They paint a picture of passive income, highlight the numerous tax advantages, and emphasize the potential for equity appreciation. These experts often charge hefty fees for their coaching and seminars, promising financial freedom through…
In the realm of property management in Texas, the handling of security deposits is not just a matter of good business practice; it’s a legal obligation that comes with strict guidelines. Failure to adhere to these regulations can lead to severe penalties for landlords. In this guide, we will walk you through the essential aspects…
In the challenging landscape of a tenant-favorable rental market, landlords face the daunting task of sifting through applicants to find tenants who will not only take care of their rental properties but also pay rent reliably. While it may seem like a Herculean feat, there are specific criteria that can help landlords make informed decisions…
Many homeowners are turning over the care and management of the largest investment in their portfolio to their property manager. With so much at stake, it is critical that a property owner make an informed decision when selecting a Texas management company. Below are some of the key questions every homeowner should be asking their…
Properties valued at hundreds of thousands of dollars being sold at pennies on the dollar to an awaiting and eager crowd. It sounds like a great opportunity, but without experience and knowledge, investments such as this could have potentially undesirable outcomes. Protect yourself by understanding the following.