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What Is A 1031 Exchange and How To Do It?   A 1031 exchange is a real estate transaction that allows an investor to sell a property and defer paying capital gains taxes on the sale by using the proceeds to purchase a “like-kind” property within a specific time frame. The name “1031” refers to…

What Is The BRRRR Method and How To Do It?   The BRRRR method, also known as “Buy, Rehab, Rent, Refinance, Repeat,” is a real estate investing strategy that is designed to help investors quickly grow their portfolios and increase their cash flow. The steps of the BRRRR method are as follows: Buy: The first…

What Is An Emotional Support Animal?   An emotional support animal (ESA) is a type of assistance animal that provides emotional support and companionship to individuals with mental or emotional disabilities. These animals are not considered service animals under the Americans with Disabilities Act (ADA) but may be protected under the Fair Housing Act (FHA).…

What Are The Biggest Risk a Landlord Can Face?   There are several risks that landlords may face when renting out property: Vacancy risk: The risk of the property sitting vacant for an extended period, resulting in a loss of rental income. Tenant risk: The risk of tenants not paying rent, causing a loss of…

What Tax Benefits Are There to Owning Real Estate Investments in Texas? Owning real estate investments can provide several tax benefits: Depreciation: Owners of rental properties can take a depreciation deduction for the property’s cost over 27.5 years. This can help to lower the taxable income from the rental property. Mortgage Interest: Mortgage interest payments…

Should I Hold My Houston Rental Home Long Term? Whether or not to hold a rental property long-term depends on your personal goals and the current market conditions. Here are a few things to consider when making your decision: Cash Flow: If your rental property is generating positive cash flow, holding it long-term can be…

What are the Biggest Home Renovation Mistakes? There are several common mistakes that homeowners can make when undertaking a home renovation: Not having a clear plan: Not having a clear plan and budget for the renovation can lead to delays and cost overruns. Having a detailed design plan and budget is essential before starting any…

How to Lower Maintenance Repairs on Your Rental Property? There are several ways to lower maintenance costs on a rental property: Regular Maintenance: Regular maintenance, such as regular inspections and preventative repairs, can help prevent more costly future repairs. This can include things like changing HVAC filters, checking for leaks, and maintaining the exterior of…

What Are The Most Common Tenant Complaints and How to Handle them? The most common tenant complaints include issues with maintenance and repairs, noise, parking, and issues with other tenants. To handle these complaints, it is important to have clear policies and procedures to address and resolve them. Maintenance and Repairs: Tenants should be provided…

How Do You Handle Difficult Tenants? Handling difficult tenants can be challenging, but there are several steps you can take to address the situation: Communicate clearly and professionally: It’s important to maintain open lines of communication with your tenants and to respond promptly to any issues or concerns they may have. Understand and follow the…