News from Green Residential and around the world of Property Management and rental homes in Houston and Austin.
Landlords are always looking for ways to reduce risk and increase profitability. And when you let someone else live in your property, one of the biggest risks involves the potential damage they could do to the residence. For years, the security deposit has been the preferred method of compensating for property damage related risk. But
You aren’t in the business of buying and managing rental properties because it’s fun. In fact, you take on a lot of risk and deal with too many problems to be in it for some sort of service project. You do what you do because you want to generate some income. But before you go
Water damage…the words alone are enough to make any homeowner shudder with fear. But if you own rental properties, you’re going to eventually face a situation where you have to deal with water damage. What do you do? Who is responsible? Where do your renters go? Questions like these abound – so make sure have
As a landlord, you can’t ever sit back and relax. Just because you have good tenants in your properties at the moment, doesn’t mean they’re guaranteed to stick around. It’s up to you to retain them by encouraging and motivating them to renew their leases over and over again. Do you have a plan for
As a landlord, you have to stay organized if you want to succeed. You’ll be dealing with many types of paperwork, including property deeds, rental agreements, and tenant applications, and managing finances like mortgage payments, insurance payments, and rental income.
Savvy real estate investors don’t just buy properties. No, the best investors develop a diversified portfolio that can withstand market fluctuations and provide multiple income streams. For Houston area landlords, this includes investing in workforce housing.