What is an REO Property?: Definition and How It Works
What is an REO property? You may not know it, but a real estate-owned (REO) property is one of the most lucrative investment options available. Why? It’s because REOs are properties that have been repossessed by the bank and are put back on sale, often at a more manageable price. Interested? Let’s dive in a […]
What is a Flat House vs Apartment? Key Differences Explained
If you’re looking for a property for rent, you’ll probably come across the terms “flat” and “apartment”. But when you look at it, the options look fairly similar. So, you might be wondering, what is a flat house and what is an apartment and how they differ from each other? In simple terms, a flat […]
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 […]
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 […]
What Is a Tenant in Common? A Guide for Property Owners
As we all know, one of the biggest barriers to real estate investing is financial resources. But what if we told you there’s an option where you simply contribute what you can, with shares and profit divided proportionately to what you have to offer. That’s called tenancy in common. Wondering whether it’s the right choice […]
What Does Conditional Approval Mean for an Apartment Application?
Imagine you submit an application for the apartment of your dreams. But when the landlord gets back to you, they say that your application is “conditionally approved”. This begs the question: What does conditional approval mean for an apartment? In simple terms, conditional approval means that your application is nearly approved. You just need to […]
What is a Walk-Up Apartment and Is it Right for You?
During your apartment search, you might have come across the term, “walk-up apartment.” But what is it exactly? The walk-up apartment meaning is, as the name suggests, a multistory home that doesn’t have an elevator and requires tenants to walk up to get to higher floors. Sounds interesting? Let’s get into it below. Key Takeaways […]
What Are Rental Yields and Why Do They Matter for Investors?
When you’re looking for a property to invest in, one of the first questions you need to ask is whether it’s truly worth your money. Rental yields are a way to help you find that. But what are rental yields, anyway? They’re indicator that investors use to gauge an income property’s potential is the rental […]
Sponsor In Real Estate: What Do They Do
There are a lot of key players in a real estate investment project. However, one of the often-overlooked roles is sponsoring, which is there to make the whole planning, acquisition, and management of property development more effective and efficient. But what is a sponsor in real estate exactly? Essentially, it’s a person or entity that […]