News from Green Residential and around the world of Property Management and rental homes in Houston and Austin.
As a real estate investor and landlord, your job is all about mitigating risk and maximizing return. The more you’re able to accomplish these overarching goals, the more success you’ll experience. And while security deposits may seem like a small issue to outsiders, experienced landlords know just how much they impact both risk and reward.
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
Whether it’s your first time renting a property, or you’re an experienced landlord, setting the proper rent price will help determine your financial success. Ideally, you would like to set the rent as high as possible to maximize your cash flow. However, in reality, there is more to setting a rent price than determining how