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 […]
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Spring Maintenance Tips for Texas Landlords
The winter months draw to a close. Winters in Texas are mild, and spring comes early, but don’t be fooled! Texas winters bring their own challenges to owning and maintaining a commercial or residential rental property. A thorough property inspection and seasonal maintenance is a vital element of your spring regimen. Spring is also the […]
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 […]
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 […]
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 […]
Use These Tips to Take Your Best Rental Listing Photos
The Value of Great Photographs If you’ve never been one to need professional photographs for anything, you may not realize just how different a poor-quality photo is from a truly well-taken shot. When generating photos for your rental listing, you aren’t just helping the client to understand what the rental looks like. You are helping […]
Nobody Renting? Try Lowering the Rent
Do you have a lot of vacant units but don’t know why? Landlords have a myriad of factors to consider to maximize the returns on a rental business. Whether it’s one single-family dwelling, a duplex, or a whole collection of units in a complex, units sitting vacant is the last thing any landlord wants. Too many […]
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 […]
Is It Time to Raise the Rent? Here’s How
When it’s time to raise the rent on your rental property, make sure you proceed with caution. Raising the rent too much or too quickly can leave you with an empty property after you tenants leave in frustration. However, avoiding a rent increase that’s large enough to cover your expenses can cause you to lose money on […]
Reasonable Accommodation: Think It’s Just Ramps? Think Again
As a landlord, you have numerous areas that require careful navigation. One of the most significant external risks to new businesses is “legal liability.” Being aware of the Fair Housing Act is essential. Whether in high-end Highland Park Dallas, suburban Downer’s Grove Chicago, or urban south central Los Angeles, the federal law applies everywhere equally. Today we’re […]
