News from Green Residential and around the world of Property Management and rental homes in Houston and Austin.
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
According to a report by the Rental Housing Journal, Texas made the list as one of the top three most popular places to move in 2021. More than 500,000 people have resettled here since 2019, and the numbers continue to grow. If you’re a landlord, these numbers represent big promises for investment properties in the
If you’re a Houston homeowner, you’re probably looking for ways to increase the value of your home without emptying your accounts. A $25,000 kitchen remodel or $10,000 outdoor living addition will definitely move the needle, but they aren’t necessarily affordable. You don’t have to bust your budget, fortunately. Plenty of worthwhile home improvement projects are
As of this writing, we’re still in the middle of one of the most extended real estate booms in many years. Home prices have soared for more than a decade (and have become even hotter over the past two to three years). The same goes for rental rates, which have climbed so high in certain
When you invest in a rental property, ROI is everything. You either generate a positive return on your investment or you don’t. And while the agreed-upon sale price is obviously the most essential factor when you run the numbers, you mustn’t ignore closing costs. For all intents and purposes, they’re a part of the investment.
When it comes to owning real estate, most people focus on condos, apartments, and single-family homes. If you study the real estate market over the past decade, however, you’ll see that townhomes have made a significant comeback. Old townhomes are getting revitalized, new ones are being built by the thousands, and everyone from young millennials