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…
DetailsWhen 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…
DetailsEfficient 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…
DetailsProperty 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…
DetailsIf 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…
DetailsResponsive maintenance isn’t just about fixing broken appliances or patching up walls—it’s a strategic investment that benefits both landlords and tenants in the long run. While deferring repairs might seem like a way to save money in the short term, it often leads to higher costs, increased tenant turnover, and ultimately, a lower return on…
DetailsWhen purchasing a property, understanding its condition before closing is crucial. In Texas, the TREC One to Four Family Residential Contract is the most commonly used contract for resale transactions. Paragraph 10 of this contract specifies that the property must be turned over in its present or required condition, which can be vague. Here’s what…
DetailsLockboxes 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…
DetailsLease 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…
DetailsWhen 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…
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