Archive for January 2023

What Tax Benefits Are There to Owning Real Estate Investments in Texas? Owning real estate investments can provide several tax benefits: Depreciation: Owners of rental properties can take a depreciation deduction for the property’s cost over 27.5 years. This can help to lower the taxable income from the rental property. Mortgage Interest: Mortgage interest payments…

Should I Hold My Houston Rental Home Long Term? Whether or not to hold a rental property long-term depends on your personal goals and the current market conditions. Here are a few things to consider when making your decision: Cash Flow: If your rental property is generating positive cash flow, holding it long-term can be…

What are the Biggest Home Renovation Mistakes? There are several common mistakes that homeowners can make when undertaking a home renovation: Not having a clear plan: Not having a clear plan and budget for the renovation can lead to delays and cost overruns. Having a detailed design plan and budget is essential before starting any…

How to Lower Maintenance Repairs on Your Rental Property? There are several ways to lower maintenance costs on a rental property: Regular Maintenance: Regular maintenance, such as regular inspections and preventative repairs, can help prevent more costly future repairs. This can include things like changing HVAC filters, checking for leaks, and maintaining the exterior of…

What Are The Most Common Tenant Complaints and How to Handle them? The most common tenant complaints include issues with maintenance and repairs, noise, parking, and issues with other tenants. To handle these complaints, it is important to have clear policies and procedures to address and resolve them. Maintenance and Repairs: Tenants should be provided…

How Do You Handle Difficult Tenants? Handling difficult tenants can be challenging, but there are several steps you can take to address the situation: Communicate clearly and professionally: It’s important to maintain open lines of communication with your tenants and to respond promptly to any issues or concerns they may have. Understand and follow the…

How Do You Evict a Tenant in Texas? In Texas, a landlord must follow specific procedures to evict a tenant. Here is a general overview of the process: The landlord must give the tenant written notice that the lease will be terminated. The notice period depends on the reason for the eviction and the type…

What are the Top Real Estate Investment Mistakes? Not doing enough research: It’s important to thoroughly research a potential investment property before making an offer. This includes researching the local real estate market, the condition of the property, and the potential for rental income or appreciation. Overpaying for a property: It’s important to pay a…

How to Conduct a Thorough Tenant Screening Tenant screening is an important step in property management, as it helps to ensure that the tenant is reliable and will take good care of the property. Here are some tips for conducting a thorough tenant screening: Verify identity: Verify the tenant’s identity by checking their driver’s license…

Managing Turnover: Tips for Keeping Vacancy Rates Low! Managing turnover and keeping vacancy rates low is an important aspect of property management. Here are some tips for managing turnover and keeping vacancy rates low: Screen tenants thoroughly: Carefully screen tenants to ensure they are reliable and will take good care of the property. Set clear…