How to Gracefully Navigate Lease Enforcement at Your Houston, TX Rental Properties

By Michael Mengden Sunday, September 24, 2023

It's astonishing that 58% of people who live in Houston are renters.Leasing out a rental property in Houston can lead to all kinds of phenomenal opportunities. There are lots of tricky hurdles as well, though.Managing your rental business requires understanding how to navigat...

Owner Disbursements: An Explainer for Rental Property Owners in Houston, TX

By Michael Mengden Sunday, September 10, 2023

Did you know that Texas is one of the most landlord-friendly states?There are a lot of opportunities in Houston and investing in real estate is a great way to build your wealth and monthly income.However, it's not a secret that being a landlord is hard even in states that sup...

Common Rental Property Accounting Mistakes to Avoid

By Michael Mengden Sunday, August 27, 2023

According to Yahoo! Finance, a financially savvy real estate investor knows the 2% rule. This means that the monthly rent of a rental property should be at least 2% of what you purchased it for to realize a positive cash flow.Maximizing the ROI on a real estate investment require...

The Pros and Cons of Allowing Pets in a Rental Property in Houston, TX

By Michael Mengden Sunday, August 13, 2023

If you are one of the 11 million individual investor landlords in the U.S., you have a significant issue on your hand. You must decide whether or not to allow pets in a rental property.In recent decades, property owners have had the headache of drafting a pet rental policy. You s...

An Overview of Landlord Rescue

By Michael Mengden Sunday, July 30, 2023

Around 40 percent of Houston households were renters in 2021. While that can be good news for the landlord business, it can be troublesome when inflation rates rise. Fewer and fewer people can afford their rent.If you're a landlord you should be prepared whether you're in...

What to Know Before Allowing Pets in a Rental Property

By Michael Mengden Sunday, July 16, 2023

There has been a 29% increase in cats in homes since last year, but people are adopting other furry animals, such as dogs. For a landlord, this rise in pets can be problematic if you want to advertise a home to a wide range of people. So, is allowing pets in a rental property a g...

3 Tips for Creating an Effective Property Marketing Plan

By Michael Mengden Tuesday, June 20, 2023

Outbound leads (through cold calling and other traditional strategies) cost 39% more than inbound leads. With a strong property marketing strategy, you can reach your audience to grow your business. If you're not marketing your property, however, you could miss out on potenti...

Importance of Tenant Screening in Houston for Property Managers

By Michael Mengden Tuesday, June 6, 2023

The number of monthly evictions in Houston is far above the pre-pandemic average. Evictions can be a real pain, and no one (tenant or landlord) wants to deal with them. They're somewhat unavoidable, but there is one way to protect yourself against them.Tenant screening may be...

A Houston Landlord's Guide to Security Deposits

By Michael Mengden Tuesday, May 23, 2023

The cost of a security deposit for a rental can range from state to state. Some states limit the amount to one or two months of rent. Others leave the fee amount up to the landlord's discretion.Collecting security deposits before you have a tenant move into a property seems l...

Support Animals vs. Pets: What Landlords Should Know

By Michael Mengden Tuesday, May 9, 2023

More than 32% of pet owners have had their furry friend registered as an emotional support animal. These animals provide their owners with relief and comfort from symptoms they experience from their emotional disabilities. Any species can be considered an emotional support animal...