As a property owner in Irving, Richardson or elsewhere, you are expected to maintain your property for the comfort of your tenants. As you maintain your property, you’ll come across “normal wear and tear.” But what exactly does that mean? And is normal wear and tear exempt from security deposit deductions? All these questions and […]
A combination of laws guides the landlord-tenant relationships in the United States. These include federal, state, and local laws. When both parties understand these laws, issues that arise between them are usually fewer. Whether you are a tenant or a landlord, this article is for you. Disclaimer: This article is informative. As a result, it […]
Owning a multifamily property is a great investment that can provide income that is not quite passive yet does not require full-time hours. Being a landlord in Dallas, Texas, however, comes with several responsibilities. Before you invest in a property—or if you already have—keep this list of landlord duties close at hand. 1. Adhering to […]
According to Petfoodindustry, 68% of American households now own a pet. This is due to the fact that there are a number of benefits to owning one or many. For one thing, pets lessen our stress levels, making them a great source of emotional comfort. Feelings of loneliness can be reduced by the companionship a […]
Landlords and tenants enter lease agreements with the intention that tenants will stay until the end of the contract. However, in some cases, leases are broken due to unexpected life events or from one party being unaware of all the lease terms. Lease agreements bind the renter with the responsibility of paying a fixed amount […]
Everyone needs an estate plan, regardless of the estate’s size. For property investors, having an estate plan strategy in place is important for asset protection, planning for taxes, and handling transfer of ownership. There are three basic elements of an estate plan: Will – this is a document that lets you designate how your property […]
When you’re investing in a property, maintaining it is has to be one of the main priorities on your list. Your lease will likely cover the terms for repairs with your renter but preventing as many of those repairs in the first place is the best way to safeguard your property and keep your renters happy. […]
Many residential leases and rental agreements require a security deposit in Dallas, Texas. This deposit should cover damage beyond normal wear and tear. In most cases, the deposit amount to a month’s rent. The Texas landlord-tenant laws ascertain security deposit rights for both sides. Whenever you handle a tenant’s security deposit, you need to comply […]
Should you self-manage or hire a property management company for your Dallas rental property investment? Each choice carries its own set of advantages and disadvantages. Let’s explore the respective pros and cons of self-managing and hiring a property management team for your Dallas property. PROS: No property management expenses This is, by far, the best […]
As a landlord who owns a rental property in Dallas, you need to be aware of the Fair Housing Act. Violation of this act can result in large fines. The Fair Housing Act is an egalitarian law that provides an equal opportunity for everyone to be a buyer, seller, lender, and renter. The Fair Housing […]
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