Key Takeaways
- Extended vacancies cost Austin-area landlords more than lost rent, with ongoing expenses such as property taxes, insurance, utilities, and maintenance.
- Lowering the asking rent may improve returns if it reduces vacancy time enough to offset the difference in rental income.
- Befo...
Key Takeaways:
- Company Education: Continuing education through attending the National Association of Residential Property Manager’s National Conference.
- Excellent property tax bill reductions for clients in our tax protest program.
- Tax Season is coming! Get your 1099’s electronic.
- Ann...
Being a landlord can be a pathway to financial success. You may be able to build up your savings, diversify your investment portfolio, and even grow wealth over time through rising property prices. But buying an investment property is only half the battle. To successfully complete the other half,...
Key Takeaways
- Call your insurance agent before the first lease is signed, because a homeowners policy is written for a house you live in and a landlord policy is written for one you rent out.
- Price the home against Austin rentals that are leasing now, since every vacant day still carries the m...
Key Takeaways
- Measure vacancy in days lost as well as a percentage and log turn time in three stages so you can see whether make-ready, marketing, or move-in is the slow part.
- Count turnover costs as commission, lost rent, make-ready, utilities, and rekeying together before deciding whether a...