Advanced Property Management Article Topics
HOW TO SUCCESSFULLY HANDLE RENT INCREASES
HOW TO SUCCESSFULLY HANDLE RENT INCREASES Rent increases on your income properties are inevitable. As prices for utilities and other services go up, so must what you charge your tenants. In Texas, if your renters have month-to-month rental agreements, all you need to do is give 30 days notice of rent increase. If they don’t like the changes, [...]
LANDLORD MISTAKES TO AVOID
LANDLORD MISTAKES TO AVOID When you’re a landlord, not only do you have to worry about the usual headaches like leaky pipes and broken appliances, you’ve also got to steer clear of legal mistakes that could get you into a lot of hot water. Be careful what you ask The federal Fair Housing Act prohibits a landlord from refusing to [...]
PRICING YOUR RENTAL FOR MAXIMUM PROFIT
The house money in human hands PRICING YOUR RENTAL FOR MAXIMUM PROFIT Getting the best price for a rental property may seem easy to do. But the minute you begin looking more closely, it becomes clear that there’s more to rental pricing than meets the eye. First impressions matter When renters evaluate a rental property, they are [...]
RAISING RENT
RAISING RENT If you haven’t raised your rent in the last few years, consider this: according to the Bureau of Labor and Statistics, the rent index is currently rising at an annualized rate of 3.6%. So you’re probably overdue for an increase. At the same time, you may worry that by increasing your rates, you’ll lose good tenants. It [...]
HOW TO POLITELY RAISE THE RENT
HOW TO POLITELY RAISE THE RENT Raising rent is not easy to do. In fact, it can be almost as difficult as asking for a raise from your boss. But strategies do exist that can help you move beyond the angst. The first thing you need to know is that you do not need to explain why you are [...]
TOP 3 HOME OWNERS ASSOCIATION LAWS TEXAS LANDLORDS SHOULD KNOW ABOUT
TOP 3 HOME OWNERS ASSOCIATION LAWS TEXAS LANDLORDS SHOULD KNOW ABOUT If you’re a Texas landlord who rents out property that’s part of a home owner association, it’s wise to familiarize yourself with the state laws that affect Home Owners Associations. It’s yet another task on the never-ending landlord do-list. But knowledge is power, especially when it comes to [...]