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 […]
Landlord vs Tenant Responsibilities: What You Need to Know
When it comes to lease agreements, tenants and landlords both share their own set of responsibilities. But how do you know who has what? What really counts as landlord vs tenant responsibilities? Your lease and applicable laws will dictate what you’ll ultimately deal with on either side of the aisle. That said, generally, tenants are […]
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 […]
What Is a Residential Lease Agreement?
In the real estate and rental property industry, people come across the term “residential lease agreement” a lot of times. But what does this mean exactly? Essentially, a residential lease agreement is a legally binding document that defines the terms, conditions, and responsibilities between a lessee (tenant) and lessor (landlord). But that’s just the tip […]
Best Flooring for Rental Property: What’s Worth the Cost
Whether you’re in the process of building your dream rental unit, making some renovations, or changing floor types for repair and maintenance, knowing what the best flooring for rental property is can make a huge difference in your decision. With that, let’s explore the most common types of flooring used in rental properties and which […]
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 […]
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 […]