Real estate agents sometimes receive calls from homeowners asking for advice on what they should do to prepare their house to go on the market. They may have settled for living a "less than optimal" circumstance for years, and are now going to spend money to make it nic...
3 Things Texas Landlords Need To Know About Security Deposits
By Kathy Scott Wednesday, August 3, 2022
Texas landlords already know that "Texas cities are in great demand for renting." But unfortunately, while this might seem like a recession-proof investment, your tenants still have to pay. That's where security deposits enter this real estate deal. Texas landl...
How to Find an Investment Property
By Kathy Scott Wednesday, July 20, 2022
Real estate experts predict that 2022 will witness a rise in foreclosures. With the pandemic and job losses, the year has been primed for financial hardships for many people.As unfortunate as it is for them, it can present a great investment opportunity for budding real esta...
The Most Common Mistakes to Avoid When Hiring Property Managers
By Kathy Scott Wednesday, July 6, 2022
Did you know that business owners and landlords are around four times as wealthy as the average American?If you became a landlord to generate wealth, you aren't alone. Yet, this strategy doesn't always work out for everyone. You might find that you can't handle t...
Did Your Tenant Break a Lease? A Guide to Landlord Rights
By Kathy Scott Wednesday, June 22, 2022
Oh no. It's the conversation every landlord dreads. The "I need to break my lease" conversation.If a tenant wants to break a lease, you need to inspect the property, advertise the unit, and screen a new tenant sooner than you thought.Yet, there are provisions that p...
What Do You Do if Your Tenants Pay With a Bounced Check?
By Kathy Scott Wednesday, June 8, 2022
No matter how carefully you screen your tenants, there is always the possibility that they won't pay their rent or they pay, but their check bounces. It's no wonder that many landlords identify dealing with tenants and collecting money as the worst parts of being a landlo...
Maintenance Coordination for Your Properties: A Guide
By Kathy Scott Wednesday, May 25, 2022
Real estate can be an excellent way to generate extra income. Whether you own a few homes or an apartment building, renting a property can be a lucrative business. To keep your renters happy, you have responsibilities as their landlord. One of your most important responsibil...
Property Managers vs DIY Management: Which Is Better?
By Kathy Scott Wednesday, May 11, 2022
Property managers are the peace that renters and property investors don't know they need until they do. Imagine getting a call from a tenant at three a.m. stating they can't access their unit because the key code isn't working. As a resident, imagine no one answe...
What to Include in Lease Renewals
By Kathy Scott Wednesday, April 27, 2022
Since 2010, landlords have raised rent rates an average of 31%. Raising rent prices is beneficial for landlords and property investors but they can make lease renewals a bit more complicated.Landlords cannot raise rent prices without letting a tenant know. This is just one item t...
How to Choose the Best Rental Property Management Company
By Kathy Scott Wednesday, April 13, 2022
Managing your own investment properties gives you 100% control over what happens on your turf. However, most investors choose to outsource the tasks of a property manager to licensed professionals.To reap all of the benefits that come with doing this, you need to learn how to cho...