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...
How to Conduct a Rental Valuation: 3 Strategies That Work
By Michael Mengden Wednesday, February 7, 2024
Real estate is often a great investment, and there are various approaches you can take. For example, many investors purchase rental properties that can help them generate a recurring income.This can involve a lot of work, and if you do things right, you can effectively maximize y...
Rental Property Management: Do Property Managers Pay for Repairs in Houston, TX?
By Michael Mengden Sunday, January 21, 2024
It's vital to know that the average property owner spends about $3,000 on maintenance every year.Owning a rental property may or may not be more expensive to maintain than your own home, depending on your tenants. One of the common concerns for landlords and tenants alike is ...
Rentals in Houston, TX: Importance of a Tenant Criminal Background Check
By Michael Mengden Thursday, December 21, 2023
There have been over 83,000 eviction filings in Houston during the past year.No landlord invests in a rental property to have to evict their tenants. Unfortunately, bad tenants are out there and these kinds of measures need to be taken in order to deal with them. Fortunately, the...
3 Tips for Conducting a Rental Analysis in Houston, TX
By Michael Mengden Thursday, December 7, 2023
The fluctuating rental market can be hard enough to understand even without the competitive nature of Houston in the mix. Trying to work out the leasing landscape can be as dynamic and diverse as the city itself. So, how can you ensure you conduct a Houston real estate market ana...
It's hard to believe that there are around 28,200 property managers throughout Texas.Hiring a property manager is all about finding the right fit. A quality property management company can make a significant difference in your investment's success.How can you sort through...
What Landlords Need to Know About Pets vs Assistance Animals
By Michael Mengden Tuesday, November 7, 2023
Dealing with service animals on your property is inevitable because a whopping 500,000 Americans have them.For landlords, balancing tenant rights and property protection can be a tricky task. One area where this balance often comes into question is dealing with pets and assistanc...
Winter is Coming 2023 Newsletter for Real Estate Investors
By Michael Mengden Wednesday, November 1, 2023
With how moody Houston weather can be, it is a bit difficult to know when "true" winter is coming to town. Most landlords or investors only think of professional property managers as people who get tenants, handle everyday maintenance and collect rent. You have never pr...
Are you a new landlord in Houston, Texas? Before you give your first tenant a set of keys, do a background check.Screening tenants will allow you to check their credit, criminal background, and rental history. If a potential resident has three evictions on their record, you'l...
The Benefits of Online Rent Collection in Houston, TX
By Michael Mengden Saturday, October 7, 2023
Every month, you have to go through the stressful process of collecting rent from your tenants. While most are good about it, others are more unpleasant, and it can feel like the world's most challenging task. It's enough for you to consider calling it quits.But don't...