Seasoned real estate investors understand that repairs will come up. Whether it's water damage from a pipe that's burst or a broken garage door, there's no shortage of possibilities when it comes to repairs for a rental. Often, it's the “accidental landlords” who are surprised when a repair comes …
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Landlords: Here’s What to Do if a Tenant Threatens to Sue
Unfortunately, we live in a litigious society—and chances are, at one point or another, you might find yourself in a situation where tenant threatens landlord.A tenant can threaten to sue a landlord for a number of reasons (like a disagreement over rent collection, repairs, or a security deposit), …
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How to Get Rid of a Bad Tenant Without Going Through the Eviction Process
There are some tenants you just want to disappear.Maybe they don’t pay rent, have unauthorized people or pets in the house, are damaging the property, or keep calling with unreasonable repair requests. Whatever the reason, you want them gone. And if you want to know how to get rid of a tenant …
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How to Evict a Tenant in Texas [2018 Complete Guide]
No one wants to deal with a tenant eviction, but sometimes it’s a necessity. When a tenant is in breach of lease, you have to follow through with the consequences.What's the goal of an eviction? To get back possession of the property.The goal is NOT to get back your money. There’s no need …
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What Is Normal Wear and Tear on a Rental Property in Texas?
Do you remember wandering through “grown up” stores as a kid, scared to touch anything? We all knew the rule that guided (or was supposed to guide) our every movement: “You break it, you buy it!”But does that rule still apply? For rental properties, yes!You just have to know the difference …
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How Texas Landlords Can Protect Themselves From Fair Housing Complaints
There were 28,181 reported fair housing complaints last year — and 91.5% of those happened in rental transactions. Sounds like a lot, right? But these are just the reported cases. The National Fair Housing Alliance estimates 4 million instances of discrimination happen each year in the rental market …
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Real Estate Risk Management: What to Look for and How to Protect Yourself
Have you ever been called a “control freak”? We don’t always use this as a term of endearment, but with investments, it may pay off.No investment is risk-free, but real estate gives you an element of control that others don’t. You not only choose the specific house, but you also decide the location, …
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How to Craft a Rental Lease Agreement That Covers Your Assets
Have you ever tried to play a game without any rules? It probably didn’t work out so well.Part of playing a game that actually works is clearly laying out rules for everyone to follow. Without solid guidelines, someone gets mad, misunderstands, or violates some unspoken rule that the other person …
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The Landlord’s Guide to Lease Violations In Texas
Wouldn’t life be easier if people just did what they said they’d do?That shouldn’t be unreasonable, yet people – tenants and landlords included – disappoint each other every day simply because they don’t do what they said.When a tenant and landlord sign a contract, they’re saying they’ll follow the …
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How to Prevent the Most Common Tenant Lawsuits Against Landlords
Most landlord-tenant lawsuits could have been easily prevented. Sadly, we see too many DIY landlords get into lawsuits over things that could be avoided. To avoid ending up in a legal mess, here’s the most common types of lawsuits and how to protect yourself as a landlord.Landlording 101Landlording …
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