News from Green Residential and around the world of Property Management and rental homes in Houston and Austin.
Tenants should be allowed to have guests stay a night or two, but long-term guests can pose a problem. Sometimes it’s just a friend or relative who’s visiting from out-of-town, but a long-term guest may include someone who has no intention of leaving. Technically, at some point a long-term guest becomes a tenant. What started
Late fees are designed to encourage tenants to pay rent on time. Though a late fee won’t make any difference among tenants who genuinely don’t have the money, there are other reasons tenants pay late. Late fees can be a deterrent for those situations. Why would someone not pay the rent on time when they
A lease agreement is the central tool in every tenancy. It gives you the legal authority to hold your tenants accountable for their behavior both outside and inside the courtroom. Do you have the following crucial policies in your standard lease agreements? 1. Notice requirements to terminate the tenancy When you accept a qualified tenant,
Accepting a bad tenant will inevitably lead to problems. It might take several months for issues to surface, but you may rest assured, they will. There’s no guarantee you can avoid every potentially bad tenant, but most can be readily avoided with the proper due diligence. That means a thorough tenant screening. If you don’t
Many landlords are looking for innovative ways to protect their properties, especially when they don’t live nearby. Video surveillance systems are an obvious choice, but what is their legal status? The short answer is they’re fine. You may install surveillance cameras on your Katy, Texas rental property as long as they are for security purposes
Water damage can be catastrophic to your rental property. Small water leaks can turn into major damage if they’re not handled immediately. Unfortunately, tenants don’t always report small leaks when they first happen. Sometimes they’re hard to spot, but other times, tenants are afraid of getting in trouble when they’ve caused the problem. Are you