News from Green Residential and around the world of Property Management and rental homes in Houston and Austin.
As landlords, we typically look at our properties through the lens of what we want out of an investment. But maybe it’s time that we peel back the curtain a bit and study what tenants are actually looking for in the properties they rent. Because at the end of the day, that’s all that matters.
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
Rental properties can be extremely profitable. They enable you to earn hundreds of dollars a month while you also benefit from the long-term appreciation of the properties’ value. But that’s not always the case. If the space is vacant, you’re losing money instead of making it. You’re responsible for paying the expenses, such as maintenance
Landlords have to prepare for the unexpected. A tenant might damage your property or stop paying rent at any time without prior warning. That’s why it’s essential to have strong lease agreements—which will protect your investment. Your leases should be as detailed as possible so you have something to reference during a potential future dispute.
If you’re a landlord, you’re almost always searching for good tenants. They keep your business running and make life so much easier. Good tenants pay on time and respect your property, while bad tenants cause problems and may even necessitate a costly eviction. So how do you find the good ones? In this post, we’ll
Over the last 10 years, rental rates in the US have increased by 31%. That’s an average of about 3% per year. This shouldn’t be surprising. Landlords must raise rents to keep up with rising expenses and to remain competitive with market rates. But they also want to experience as little turnover as possible, because vacancies