News from Green Residential and around the world of Property Management and rental homes in Houston and Austin.
Saving money is a top priority for renters. Some hang onto their cash by splitting rent with a friend. They move in together and build a cozy home they can cohabitate in. Not every roommate situation begins that way, though. People who enjoy living alone can face unexpected financial hardships that cause them to look
If you’re considering investing in rental property, you’ve probably thought about the prospect of managing a multifamily home. In case you aren’t familiar, multifamily homes are exactly what they sound like; houses that are designed or structured to accommodate multiple families in different units within the home. They come in many forms, including duplexes and
The concept of investing and capitalizing on a rental property is fairly simple. You purchase a property with a low-interest mortgage, make necessary repairs, and rent it out for an asking price higher than your mortgage. You make money to pay off the mortgage quickly and/or make further investments to increase your revenue streams.
There are some wonderful things about owning rental property in Katy. It’s one of the most sought-after areas in Texas with excellent school districts and promising real estate returns. It’s also near Houston proper, which is attractive to renters.
For the most part, your tenants are probably good, hard-working people who have decent jobs, pay rent on time, and take care of your property. But not all tenants have your best interests in mind. Some will bend a few rules and hide the evidence. While harmless at times, you have to be cognizant of
The Houston real estate market has never been hotter. A number of records have been shattered this summer and the outlook for the future is strong. For example, more homes sold in Houston in the month of June than ever before (8,414). Along with this surge in transactional volume came all-time high median and average