How to Handle Partial Rent Payments From Tenants
In your rental property business, you expect your tenants to be able to pay their rent on time fully. But what happens if you receive a partial rent payment from a tenant? Does it impact your ability to go through the eviction process? In short, yes, it can. For more information, here’s a comprehensive guide […]
How to Calculate Capital Gains Tax on Investment Property
Thinking about selling your property soon? If you do, you need to think about capital gains tax, which is a fee you pay on the profit that you gain from the sale. With this in mind, knowing how to calculate capital gains tax on investment property can help with your financial projections. To help you […]
How Much Is the Fine for Renting an Illegal Apartment in Texas?
Getting into the rental property business and becoming a landlord is not as simple as putting a for rent sign on your front door. If you want to start properly, you need to go through the process of securing the proper documents to make sure that your rental is legal. If you don’t, you’re putting […]
Pros & Cons of Flexible Lease Terms: Is It Right for You?
Flexible leasing has opened new doors for landlords to generate rental income. But what does it exactly mean for a rental to have flexible lease terms? (Hint: it has to do with adjustable, and often shorter, lease lengths). And what could be the advantages and disadvantages of adopting such a leasing strategy? To help you […]
Certificate of Occupancy Requirements: What You Need to Know
As a landlord or property owner, one of the key documents that you need to secure is a Certificate of Occupancy. Regardless of whether you’re building from the ground up, changing property types, doing some major renovations, or fixing a fixer-upper, this certificate serves as proof that your property is built to code and is […]
Are Landlords Responsible for Fire Extinguishers?
Fire emergencies are scary. They can happen in the blink of an eye and cause extensive property damage, or worse, injuries to your tenants or guests. As a landlord, you have a responsibility to ensure that your rental property – whether it’s a single-family home or a multifamily apartment complex – is safe from such […]
What Does “Fully Furnished” Mean in a Rental?
Not all rental listings mean what they say. And when you see the words “fully furnished,” it’s easy to assume everything you need is already there. But depending on the landlord, that could mean anything from a complete, move-in-ready setup to just a couch and bed. For tenants, this kind of detail matters, especially when […]
Fair Housing Act in Texas: 5 Huge Points You Need to Know
The Fair Housing Act in Texas (FHA) is a foundational law that every Texas landlord should know. It lays out the protections tenants have against housing discrimination, as well as the rules property owners must follow to protect those rights. In this guide, we’ll break down the key points landlords should know about fair housing […]
What is a Private Landlord: An Easy-to-Understand Breakdown
Wondering, “what is a private landlord?” We’re here to answer your burning questions. Essentially, a private landlord owns and manages their rental properties independently. They handle each aspect of their rental business, from finding tenants to maintaining the property. However, with great power comes great responsibility: this level of independence also requires a significant time […]
Everything Landlords Need to Know About Section 8 in Texas
Navigating rental housing can be a lot of work. Trust us, we know! If you’re in charge of government-assisted programs like Section 8 in Texas, it can be even more difficult. So what if you’re a landlord? Suddenly you need to be an expert on the topic. Understanding the ins and outs of these programs […]