Security deposits can be used to repair damage for which a resident is responsible.  However, the landlord cannot apply the security deposit to normal wear and tear.  The question is: “What’s the difference?” NORMAL WEAR AND TEAR DEFINED The legal definition of “normal wear and tear” as stated in the Texas Property Code Title 8.…

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RLP_49

“Atiwa has given me peace of mind.” “I know that my system is protected, and anytime I have a problem, I can simply pick up the phone or send an email to the customer service department, and they get right on the problem.” Mark Kallus, MPM®, RMP®, TRPM®, TRLS Broker/ Owner RentLife Property Management RentLife…

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HELP! “What do I need to do?” As a Real Estate Property Manager, one of the first questions we get from the first time real estate investor is, “Should I purchase a Home Warranty for my Rental Home?” As an Investor, there seems to be a false sense of security. “If I spend around $545.00…

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Risk of Rental Property

The richest people in the world own real estate for a reason.  “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” Franklin D. Roosevelt, U.S. President. However, as with…

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MPM Designation

 For Immediate Release                              Contact:       Mark Kallus RentLife® Property Management 832-562-3600 LOCAL PROPERTY MANAGER ACHIEVES PRESTIGIOUS NATIONAL DESIGNATION [Houston] – Mark Kallus, a local leader in the residential property management field, has just been awarded the prestigious MPM® (Master Property Manager) designation from the National Association of Residential Property Managers (NARPM®).  This prestigious designation is…

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Will YOU be ready for how House Bill 4390 might affect you as a business owner starting on January 1st? One of the many concerns for most business owners is to be compliant with laws and regulations, to avoid getting ambushed and having their business and reputation adversely affected.  We want to help keep you…

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Early Termination

What do you do when a Tenant Requests an Early Termination? You have a great tenant who pays rent on time.  They take care of your property as if it was their own.  Everything is going along just fine and then boom!  They request early termination.  “They can’t do that,” you say. “They’ve signed a…

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Tenant Screening

Looks Can Be Deceiving – The Importance of Applicant Background Screening If you own a rental property, chances are you fall into one of two groups – experienced investor or “unexpected landlord.”  Right now, let’s focus on the latter – the “unexpected landlord.” What exactly does that mean?  Unexpected landlords are those who aren’t in…

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When most people are considering the purchase of a building, one of the last things they may consider is the underlying condition of the building.  Often we start our purchase considering how we are going to use the building.  Does it have enough rooms for my needs? Does it generally look good inside and out?…

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