If a tenant pays the rent on time, takes care of the property, obeys the rules, and adheres to the lease agreement, of course, you want that tenant to stay long-term. It’s a no-brainer. After all, only occupied rental units make money, and finding new tenants costs time and money while creating a lot of hassle … Read More

July is in full swing, and that means fun-in-the-sun season. Your tenants are flocking outside to enjoy the weather, cook up tasty meals in the backyard, and relax with family and friends around the pool.    But all this summertime fun can lead to an increase in personal injuries. Tenants rightfully expect that their safety will … Read More

Of course, the environment is on your radar. You want to be eco-friendly, and you believe in sustainable living, but how does that apply to your rental properties? Here are some tips to be eco-responsible without wiping out your income.  Energy Efficiency: Of course, this will have more of an impact if you pay the utilities, but there are advantages even if … Read More

Dallas’ winning business climate, combined with Texas’ low taxes, draws innovative companies from other states. Innovative companies strengthen economic diversity and bring more people who need a place to live. Consider these stats from a Norada article:  Population Expected to Double in Next 15 Years  Dallas is one of the leaders in the U.S. for employment and population growth.  52.9% of Dallas rents vs. 33% nationally.  … Read More

The big question – should I create an LLC (Limited Liability Company) for my rental investments? An LLC (Limited Liability Company) is a business that combines various components of a sole proprietorship, partnership, and corporation. It is typically a less complicated business entity than a corporation. It is also relatively inexpensive to create and provides … Read More

What does Las Vegas have to offer the rental property investor? PLENTY.  The largest city in Nevada offers a beautiful, year-round desert climate that boasts more than 310 days of sunshine each year. A variety of additional perks include no state income tax, a low incidence of natural disasters, and a range of communities to please various lifestyles.   According to Yahoo Finance, Las Vegas ranked as … Read More

Congratulations! You have decided to invest in a rental property. So, where do you go from there? How do you know which location is best? Let’s talk.  There isn’t a magic formula. Neither is the answer the same for every investor. On the other hand, there are key issues to consider. Here are six essentials.  Does the neighborhood primarily consist … Read More

Did you know that owning out-of-state rental property is gaining in popularity among savvy investors? While it‘s more convenient to own real estate close to where you reside, investing in property located in various hotspots can increase investment profitability.   Tom Schneider shares four key reasons for purchasing an out-of-state rental property.   To invest in geographic areas where population and job growth are robust.  To diversify a rental property portfolio with markets that best … Read More

Inside  Pack your “inspection kit.” Include a small tub of spackling, putty knife, marker and labels, small, lightweight electrical item, notepad, and pen.  Go through and clean the rental – this is a fast clean to make repairs and maintenance easier. We’ll discuss a final professional cleaning later.  Complete a thorough examination –starting at the front door and … Read More