There’s no way around it: the success and profitability of your properties are directly related to getting quality tenants. And the key to getting quality tenants is proper tenant screening.Tenant screening is the only way to ensure the people who rent your properties are responsible and pay their …
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How Texas Landlords Can Protect Themselves From Fair Housing Complaints
There were 28,181 reported fair housing complaints last year — and 91.5% of those happened in rental transactions. Sounds like a lot, right? But these are just the reported cases. The National Fair Housing Alliance estimates 4 million instances of discrimination happen each year in the rental market …
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Real Estate Risk Management: What to Look for and How to Protect Yourself
Have you ever been called a “control freak”? We don’t always use this as a term of endearment, but with investments, it may pay off.No investment is risk-free, but real estate gives you an element of control that others don’t. You not only choose the specific house, but you also decide the location, …
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How to Identify Problem Tenants Before You Sign That Lease
The story you are about to hear is true. Only the names have been changed to protect the innocent — or maybe not so innocent — but we’ll keep them anonymous!Last year, we met Bill. He came to us and said, “I want you to manage my property, but I’ve already found the tenants. We’re not under lease …
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11 Hidden Costs of Hiring a Property Manager
Some of our clients start off a little hesitant. They don’t quite know why to hire a property manager, and they figure some problems will come up that we’re not telling them about. In case you're having similar concerns, we’ve put together the top 11 disadvantages to hiring a property manager. …
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The Stop-Doing List for Landlords: 5 Tasks to Give Up Right Away
Have you heard of the “Stop-Doing” list?Basically, the idea is that sometimes what you stop doing is just as important as the things you start doing. So instead of creating a to-do list, with an endless number of tasks you want to complete, you should focus on things you hate doing or things that …
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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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5 Types of Problem Tenants That Cost Landlords Money
As a landlord, you're hoping for a tenant who pays rent on time, takes care of the property, follows the rules, and then renews their lease. Unfortunately, that’s not always who you’ll get. But you can stack the odds in your favor! A good quality tenant isn’t hard to find when you know how to …
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How to Prevent Tenants From Damaging Your Rental Property
A landlord’s first priority is to keep their property in good condition. But tenants obviously use the house, so there will be normal wear and tear. The trick comes in distinguishing normal use from damage. So where do you draw the line between the two? It’s somewhat subjective, but here are …
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Interested in Property Investment? Read These Tips First
Is buying property your best investment? Maybe you’ve seen a house for a deal you can’t pass up or maybe you’ve considered purchasing a rental home for years. Either way, as you think about your first investment property, your mind probably buzzes with questions. Most likely, these are the …
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