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...

The Importance of Tenant Background Checks

By Michael Mengden Saturday, October 21, 2023

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...

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...