What Is U&O in Real Estate? Use and Occupancy Explained!
Ever heard of a use and occupancy agreement? In real estate, this refers to the unique arrangement where an individual or a party occupies a property without having a formal landlord-tenant relationship. But how does this work? Continue reading to find out what is U&O in real estate. Key Takeaways Use and Occupancy (U&O) is […]
How Often Should Carpet Be Replaced in a Rental Property
When it comes to rental properties, carpet floors typically bear significant wear and tear. As a landlord, you might be wondering, how often should carpet be replaced in a rental property? Do you have to change it every year or after every tenant? More so, are Texas landlords required to replace the carpet flooring in […]
What is a Tenant at Sufferance? Real Estate Meaning Explained
If you’ve ever run a rental property business, you have probably come across the terms tenants at will and tenants at sufferance. One (at will) is a relatively common scenario, while the other (at sufferance) is a more complex condition that landlords need to know how to navigate. So, what is a tenant at sufferance […]
What Does Capital Improvement Mean, Answered
Wondering, “what does capital improvement mean?” It’s a strategic, long-term investment you make to significantly strengthen your position in the market, efficiency, and lifespan. If you’re thinking about remodeling your property’s kitchen, adding another bedroom to your rental property, or even installing solar panels or upgrading your electrical systems, those are capital improvements. But what […]
How to Rent Out Your House: Answering Common Questions
Everyone knows that renting out your house is a golden opportunity for you to generate passive income. However, there’s definitely a learning curve to it all. That’s why, as professional property managers, so many new investors come to us asking questions on how to rent out your house. So, we’ve compiled some of the most […]
What Happens to a Lease When a Tenant Dies (Sole Occupants)
A tenant’s death is something that landlords never want to experience. But as a landlord, you still have your rental property business to consider. So, you might be wondering, if a tenant dies what happens to the lease in Texas? If a tenant was a co-tenant with others on the lease, the lease continues as […]
Renting out a House with Solar Panels: Pros and Cons
In recent years, there has been a growing interest in sustainable and eco-friendly rental property practices. Now, one of the most popular solutions for landlords is to install solar panels in their rental properties. But what does renting out a house with solar panels mean for landlords exactly? On the plus side, it can appeal […]
Does Umbrella Insurance Cover Rental Property?
Ever wondered, “does umbrella insurance cover rental property?” The short answer is: yes, it can supplement a rental property with coverage beyond standard landlord or homeowner policies. That said, insurance coverages are more complex than that surface answer. Not to mention that there are different policy types, and it’s hard to determine which covers which […]
Can I Use a Security Deposit for Unpaid Rent in Texas?
In renting, security deposits are used as a means to protect the landlord’s property and interests while a tenant is living in their home. At the end of each lease, the security deposit is used to cover for the cost of repair for any property damage, maintenance, cleaning, among others. But the question many people […]
What Happens If a Tenant Abandons the Property in Texas?
One of the hardest challenges to deal with in running a rental property business is when a tenant suddenly disappears – abandoning you, their lease, and at times, even leaving their belongings. But what happens if a tenant abandons the property, exactly? In Texas, landlords may dispose of a tenant’s abandoned belongings if their lease […]