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…
DetailsUnderstanding 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…
DetailsLeaving 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…
DetailsA 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…
DetailsWhen 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…
DetailsThe 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…
DetailsManaging 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…
DetailsWhen 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…
DetailsIf 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…
DetailsWhen 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…
Details
