Tips on Rental Property Accounting and Recordkeeping in Houston, TX

By Michael Mengden Sunday, July 14, 2024

When investors first get into the world of commercial real estate, their minds usually first wander to how to find quality tenants, keep them happy, and make the most profit out of their investment. But if you’re a Houston landlord, you quickly learn that one reality of the...

How to Be a Successful Accidental Landlord in Houston, TX

By Michael Mengden Friday, June 21, 2024

With mortgage rates soaring with no real sign of stopping, those who secured lower rates are becoming accidental landlords.This is a trend sweeping the nation, but it's not the only reason homeowners become accidental landlords. Whether you're trying to hang on to your lo...

What's the Best Way to Collect Rent? Efficient Rent Collection Methods for Houston, TX Landlords

By Michael Mengden Friday, June 7, 2024

According to census data, nearly 60% of Houston households are renter-occupied.If you're a property owner in Houston, this is great news. Having a large pool of renters to choose from is important for your bottom line. Once you secure a great tenant, however, you need to keep...

The Power of Owner Statements: Using Data to Make Decisions

By Michael Mengden Tuesday, May 21, 2024

As a property manager, you might not know that the secret to financial clarity often lies hidden in plain sight within your owner statements. But how?Today we're diving into how to unlock the potential of your owner statements, turning raw numbers into actionable insights.Und...

How to Scale With Real Estate Asset Management in Houston, Texas

By Michael Mengden Tuesday, May 7, 2024

You're a real estate investor in Houston, and you're looking to transform an ordinary property portfolio into a robust source of wealth. What can you do?One great answer is effective real estate asset management!Today we're taking a look at some practical strategies t...

The Landlord's Guide to Types of Service Dogs in Texas Disability Law

By Michael Mengden Sunday, April 21, 2024

How many owners would say they couldn't live without your pet?There are cases where that gets more literal. Disabilities make it difficult to go through daily life without the help of a furry hero.Read on to learn the types of service dogs or other assistance animals a landlo...

Making Smarter Decisions With Accurate Owner Statements and Reporting

By Michael Mengden Sunday, April 7, 2024

As one of the USA's largest cities, Houston, TX, is a popular choice for real estate investors wanting to profit from residential rentals. The city boasts a growing population thanks to its strong economy and abundant employment opportunities.This can mean excellent returns f...

How to Get Started as a Real Estate Investor in Houston, TX

By Michael Mengden Thursday, March 21, 2024

You're strolling down the bustling streets of Houston, Texas, with its towering skyscrapers, vibrant cultural scene, and that undeniable southern charm lingering in the air.As you pass by rows of charming bungalows, sleek condos, and sprawling estates, a thought crosses your ...

3 Tips for Effective Property Maintenance in Houston, TX

By Michael Mengden Thursday, March 7, 2024

Most tenants in Texas spend around 30% of their income on rent. That's a significant cost each month on only one expense.As a landlord, you probably realize how costly rent is for your tenants. Because of this, you should provide well-cared-for properties. The best way to do ...

A Quick Guide to Understanding Rental Property Tax Statements and 1099s

By Michael Mengden Wednesday, February 21, 2024

It's almost time to file your taxes this year. If you are a new property owner, this time of year can be scary.As a Houston, Texas, property owner, filing taxes and qualifying for deductions are tasks you need to get used to. Understanding tax statements and 1099s can help yo...