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 […]
Rental Ledger Meaning: What It Is and How to Use It
Want to stay organized and track all the rent payments you make as a tenant? Then it’s time for you to learn the rental ledger meaning and its importance. Rental ledgers help you track your financial transactions, like rent payments. But that’s just the beginning. To really help get you started, here’s a review of […]
Landlord’s Guide to Successful Rental Open Houses
As a landlord, one of the biggest challenges in running a rental property business is vacancies. When this happens, you stop earning rental income, affecting your cashflow. This is where open houses come into play. Rental open houses for rental properties is an in-person advertising strategy where you allow people to look around and check […]
Does Rent to Own Build Credit? What You Need to Know
Looking to purchase a property, but your finances are just not there yet? Then, a rent-to-own lease might be the solution. This setup allows you to lease a property, put part of the rent toward the down payment, and purchase the property at the end of the lease. This strategy helps you get your finances […]
Rehabbing a House in 10 Steps for Beginners
For aspiring real estate investors, rehabbing a house is considered one of the most ambitious projects to take on. However, it’s equally as rewarding. Imagine transforming a cheap and beat-down property into a lucrative real estate to generate rental income or sell for profit. So, how do you do it? We’ll walk you through the […]
Can Renters Paint Walls? A Guide for Landlords
Paint is one of the first things that tenants notice in a rental. And if they don’t like it, they will most likely ask if they can change the colors of the walls. But can renters paint walls? As a landlord, you have the prerogative to decide if you will allow your tenants to paint […]
Is Rental Arbitrage Legal in Texas? A Guide for Landlords & Tenants
Whether you’re a tenant, landlord, or property manager, it’s essential that you keep up with the latest trends in the rental property market. One of the latest strategies is making a buzz is rental arbitrage. But what is it exactly? Rental arbitrage is the practice of leasing a property long-term to have it rented out […]
What FRBO Means in Real Estate?
In real estate leasing, you may come across the term “FRBO.” Whether you’re a property owner planning to rent out your home, or a tenant looking for the next place to live in, knowing what FRBO means in real estate will be a critical part of your decision. Essentially, FRBO means “for rent by owner.” […]