Many states have laws in place that require landlords to serve their tenants with a 3-Day Notice to Quit. The state of Texas is no exception regarding any rental unit or rental property. Serving a 3-Day Notice to Quit gives the tenant two options: pay the rent that’s due or move out. If they don’t […]
Even if you want to sell your real estate asset, the timing remains dependent on the performance of the economy. If it’s advantageous to wait a few more years, you can generate income on your vacant Dallas-Fort Worth home by renting it out. Before pushing through with your plan of becoming a landlord, you need […]
The Covid-19 Pandemic has hit everyone very hard and forced us all to adjust and adapt. This is especially true for renters and landlords who have both seen declines in income. Sadly, many people lost their jobs since the start of the pandemic making it hard for them to keep up with monthly bills and […]
A “1031 exchange” is a nickname used to discuss Section 1031 of the U.S. Internal Revenue Service’s tax code. To many real estate investors, it’s an incredibly useful tool, especially when trying to leverage their rental properties. Basically, it can allow an investor to save up to 30% in combined state and federal taxes. A […]
A lease agreement is a legally binding contractual agreement between a landlord and a tenant. Basically, it sets out the terms and conditions of the agreement. This can include conditions such as the rights and responsibilities of each party in addition to the rent and security deposit amount. Both parties must adhere to all terms […]
Where are tech companies moving? Why are businesses leaving California? And why is everyone moving to Texas? Texas is a major hotspot for business growth in the United States. While the obvious mention is Austin, with its growing reputation as a Silicon Valley in the South leading to many big companies moving to Texas, […]
The pros & cons of month-to-month lease agreements As a landlord, you may find yourself wondering what type of lease agreement should you offer your tenants. Is a shorter-term lease, such as a month-to-month lease, the best fit for you? Or would a longer one, such as a one-year lease, more suitable for you? To […]
Whether you’re a new landlord or seasoned at managing your rental property, tenant complaints are inevitable. Given this fact, you need to learn proactive ways to avoid common problems cropping up over and over again. Being able to quickly resolve complaints can encourage tenants to keep renewing their leases. It also elevates your professionalism and […]
Rent regulation laws aim to keep housing affordable. Generally speaking, a rent regulation system involves four main elements: price controls, eviction controls, landlord and tenant responsibilities, and an oversight system. […]
A reliable management company adds to the quality of your life. You can enjoy better cash flow since the management company can help with avoiding vacancies. Freeing up your time can help you move on to your next goal without worrying about repairs or problem tenants. Time is money, and by finding the right property […]