The word “professional” might indicate an excellent tenant. That’s not the case. In reality, professional tenants are some of the worst tenants you might ever have to handle. Professional tenants disguise themselves as the best of the best. They look nice and present well. They seem like the ideal tenant, but once they get into […]
The Fundamentals Every Dallas Landlord Must Know to Succeed
New investment property owners may take a little while to get accustomed to being a “landlord,” but there are many reasons to embrace your new identity quickly. For one thing, your role as a landlord may feel like a neighborly connection, but you are fundamentally in a business transaction, so you want to make sure […]
Lease or Sell: Which is Right for Me?
When you have a vacant property, you’re left with an important decision— rent it or sell it? Both, of course, come with several pros and cons. However, in the ever-changing market, leasing a property usually pulls out on top as a clear winner. If you’re thinking of getting started as a landlord, here’s a closer look […]
Deciding to Hire a Property Management Company Should Be Easy Right?
You’re a landlord. Maybe you’re new to this game. Perhaps you’re an experienced, seasoned professional in your own right but something has changed lately. Maybe you’ve been getting along fine on your own or with a single employee in the office taking care of everything, but she has moved on. Then again possibly you may have […]
Keeping Your Dallas Property Beautiful in Every Season
As a landlord, attracting great tenants starts with a well-maintained property. Here are some of the essential maintenance steps for you to consider each season of the year to keep your Dallas property in tip-top shape! Summer Now, or at some point during the year, replace the batteries in smoke and CO2 detectors; not only will you avoid […]
Tenant Retention: Converting Churn Into Pure Butter
Your tenant is moving out. Maybe he’s getting married, or she’s changing jobs (with a move). It’s always something. Life is change, it’s unavoidable, and there’s the inevitable hit to your income for the period when there’s no one in that rental unit. As a prudent landlord, you can use that time to do any repairs and […]
Gaining Tenants Through Property Listings
Listing your property for rent comes with all kinds of preparations; cleaning, renovations and updating, and actually writing a listing for your property. Tenants can be drawn to keywords or location features, pictures of your property, or possible amenities your property has. Learning to write a property listing can be a challenge, but writing an effective property […]
Analyze This: What Is a Rental Market Analysis?
The Rental Market Analysis (RMA) is a tool for figuring the income from a rental property, either a property you already own and wish to rent out or the potential revenue generated by a real estate investment you’re considering purchasing. There are usually five steps in a proper rental analysis: Evaluate the neighborhood. The classic primary joking rule […]
Great Strategies to Screen for the Best Tenants
Screening the applicants to rent your property is one of the best ways to ensure that you have a successful investment property experience. Great renters pay on time, stay for a long time, and keep your property in good condition, costing you virtually nothing and creating significant gains for your investment business. On the other hand, […]
5 Advantages of Having a Property Management Company
Is it safe to say that you’re a hands-on proprietor, or would you want to maintain a strategic distance from the daily work of managing your own property? Are you getting started as a landlord and need help? On the off chance that you’d rather have another person handle the work, hiring a property management company to deal with your property may […]