News from Green Residential and around the world of Property Management and rental homes in Houston and Austin.
Having a rental property can be a great way to generate income, especially if you still have a mortgage on the property. Your tenants essentially pay your mortgage and anything beyond that is pure profit.
There are many great things about being a landlord, but it can be trying if the lease isn’t strong. Lease problems put landlords in hot water and allow the tenants to get away with behavior that would otherwise be unacceptable. The lease is meant to protect you, but if it’s not well-written, you could find
Investment properties and rental properties seem like easy ways to make money. In most cases, you’ll be able to charge more in rent than you’ll pay in a monthly mortgage payment, and if all goes well, you can pocket the difference as free income every month. Plus, your property is likely to appreciate in value,
You’ve likely heard that real estate investing is one of the easiest ways to become a millionaire. And it’s partially true; real estate prices tend to slowly rise over time (at least in valuable areas), and in the meantime, you’ll be able to collect rent checks from your tenants. However, there are hidden costs to
Buying a house is exciting, stressful, time-consuming, expensive … and you could insert dozens of other words. Nobody would dispute that it takes a lot of energy to buy a home at all, and the last thing you want to do is have to sell it and buy another in three to five years when
According to market research, it’s still currently a very good time to invest in an income property. Interest rates are low as the banks become more comfortable about lending money to first-time investors, and rising property prices signal a strong return in the future, whether you sell the home or rent it out.