News from Green Residential and around the world of Property Management and rental homes in Houston and Austin.
The U.S. property management segment was worth $3.62 billion last year, up from $3.4 billion the year prior, and could reach $6.16 billion by 2028. According to Fortune Business Insights, the industry is on pace to experience a compound annual growth rate of 7.9% between 2021 and 2028. Meanwhile, the Census Bureau counted 48.2 million
If you’ve been paying attention to current events in any capacity, you’ve probably heard about record high levels of inflation that are affecting the United States (and, to a lesser extent, countries around the world). Most of us experience inflation in a relatively passive way, noticing increased prices for common goods sold at the grocery
Despite the fact that American families have been getting smaller in recent years, homes have continued to grow ever larger. Over the past four decades alone, the average American home has expanded by 1,000 square feet. That’s the equivalent of two to three additional rooms. Remember, it’s not as if families have gotten any larger
While searching for a new house can be exciting, it can also be stressful. You could end up touring dozens of houses before you find the right fit, and you may face uncertainty about your financial future, all while trying to juggle your personal responsibilities and potentially selling your existing house. If you have kids
Successful management of an investment property centers on balancing expenses and revenue. If you can consistently generate more revenue than you pay in outgoing expenses, you’ll probably be in a profitable position. Throughout the search to acquire new properties for your portfolio, you’ll likely be projecting expenses with care to determine whether each property would
The prospect of buying a new construction home can be exciting. Not only will you skip the tense process of touring an older home in search of the perfect property (or pondering the work you’ll have to put into an aging residence), you’ll also gain access to brand-new features, such as floors that have never