So, you just bought a tenant-occupied property – congrats! But now the excitement's over and it’s time to get to work.First Steps After Buying A Tenant-Occupied HouseYour first steps when managing a tenant-occupied property affect your overall success. Here’s what you need to do to get off on the …
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5 Rental Problems Every Landlord Dreads (And 1 That Can Put You Out of Business)
Being a landlord isn’t for the faint of heart. It requires unfaltering dedication and quick decision-making. Sure, the payback is worthwhile if you make the right moves, but there can be some nightmares along the way: pipes bursting overnight, tenants lying on rental applications, or pets destroying …
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The Landlord’s Guide to Returning Tenant Security Deposits Properly
You’re on a deadline. Your tenant finished their lease and moved out after their full term. Now you’ve inspected the property, and it’s time to return the security deposit. Sounds easy enough. But if you get it wrong, it’s a big deal. And it’s one of the most common mistakes DIY landlords …
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How to Become a Successful Real Estate Investor: 8 Lessons From the Pros
As an investor, you know that knowledge is everything. The information you collect, the data you consider, and the wisdom you apply are all factors that help you identify profitable investments and keep them earning cash.Many investors learn from their failures. They fret over a bad tenant, stress …
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When Should You Raise the Rent on Your Rental Property?
Rental properties aren’t cheap to operate. They come with costs — and many of those costs are variables. Taxes rise, maintenance costs increase, and insurance rates climb. So when do you get to raise the rent to help cover your expenses?Contractually, you can’t raise rent during the term of the …
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4 Important Reasons You Should Leave Tenant Screening to The Pros
Of everything you do in the process of filling your properties, tenant screening is arguably the most important part.Properly screening tenants will ensure that you get responsible people in your units: people who are likely to care for your property, follow the rules outlined in your lease, and …
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How Much Money Do You Need to Start Investing in Real Estate?
As a new investor, you have a lot on your mind. And money is undoubtedly at the top of that list.If you’re looking to start investing in real estate, here's just how much money it’ll take.Before You Get Started...Before you look for a real estate investment, make sure you have all other obligations …
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How Long Do Rental Property Appliances Last – and Who Replaces Them?
As an investor, it’s important to provide your tenants with a safe, functioning home environment — and that includes working appliances.One of the first things tenants will look for in a rental unit is appliances — does the unit have new, modern appliances? Are all the appliances in working order? …
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How to Craft a Rental Lease Agreement That Covers Your Assets
Have you ever tried to play a game without any rules? It probably didn’t work out so well.Part of playing a game that actually works is clearly laying out rules for everyone to follow. Without solid guidelines, someone gets mad, misunderstands, or violates some unspoken rule that the other person …
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The Landlord’s Guide to Lease Violations In Texas
Wouldn’t life be easier if people just did what they said they’d do?That shouldn’t be unreasonable, yet people – tenants and landlords included – disappoint each other every day simply because they don’t do what they said.When a tenant and landlord sign a contract, they’re saying they’ll follow the …
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