13 Keys Of Rental Success
Successful rental owners follow these guidelines to ensure the success of their rental, and maximize their owning experience. 1. Treat your rental property like a business… because it is a business! 2. Have a financial reserve set aside for the “unexpected.” Placing...
Essential Things to Do If Your Tenant Can’t Pay Rent – Keyrenter Austin
The COVID-19 pandemic has put over 40 million people out of work in the US–a full quarter of the labor force. While there are no reliable estimates as to how many of these people are renters, we do know that nearly 50 million people in the US rent their homes. ...
Renting vs. Buying a Property
Choosing whether to rent or buy a property such as a home or condo can be a difficult decision. The decision is tied up in a variety of factors from your credit score to the amount of time you plan on staying in the property. We’ll help you sort out the aspects of the...
Winter Is Around the Corner: Is Your Rental Property Prepared? – Keyrenter Austin
According to the Insurance Information Institute, winter weather events are the second leading cause of property insurance claims. In 2019, winter-related claims accounted for $2.1 billion in property losses. As a property owner in Texas, you might assume that you’re...
How to Find the Right Tenants For Your Rental Property Vacancies
As a landlord, you want to protect your investment while avoiding prolonged tenant vacancies. These two goals can contradict each other as many landlords tend to get antsy about filling their units and allow unqualified tenants to move in. However, this can lead to...
How to Maintain the Appeal of Your Rental Properties
With hundreds, if not thousands, of rental properties listed online in every town and city, it’s getting harder than ever to make your property stand out above the rest. Fortunately, you don’t need to spend all of your money on paid advertising or expensive upgrades...
Top Landlord Mistakes and How to Avoid Them
There are many different reasons why someone may get into the rental business. You may have inherited a property or decided to rent out an old home. Or perhaps you simply decided to buy a few properties as a source of income. Whatever the case may be, being a landlord...
Tenant Screening Questions and Becoming Aware of Potential Red Flag Answers
Finding the right tenant can make or break your rental business, but it can be hard to know what questions to ask in order to find someone. And once you do have telling questions, what answers should you look out for? Having an effective screening process is crucial...
Why You Need To Hire a Property Manager
It can be pretty simple to manage one or two properties on your own, however, once your investments start growing it can feel overwhelming trying to keep track of everything by yourself. At this point, you’re probably considering hiring a property manager. Here are a...
Helpful Maintenance Tips Landlords Should Know About
There are a handful of maintenance duties landlords should watch for on a regular basis. Staying on top of these tasks will allow you to save money in the long run and keep your tenants safe and happy. Test Smoke and Carbon Monoxide Detectors It’s a good idea to check...
Top Rental Property Upgrades That Will Pay Off
Many times as a landlord, it can be easy to let your rental sit as is, especially when you have tenants. However, small upgrades to your property can increase its value and the satisfaction of those that live in it. Here are a few small changes you can make to your...
Difference Between a Pet Deposit and a Security Deposit
There are many advantages and disadvantages to allowing pets in your rental properties. One common concern among landlords is pet damage caused by allowing pets into your property. However, pet deposits, pet fees, and pet rent are all designed to help landlords offset...
Best Practices to Prevent Pests from Invading Your Rental Properties
Pests can spell disaster for landlords, as handling pest infestations can be costly and damaging to your property. Prevention is the best approach to take when it comes to preventing pests from invading your rental properties. In Austin, routine pest control is the...
High Income Households Represent Fastest Growing Segment of Austin Housing Market
High income households are one of the fastest-growing segments in the real estate industry. The Austin area is named one of the top areas for rental properties for high income households. Renters earning $150,000 or more yearly have changed in the way they view the...
State of the Rental Market in Austin
Investors can rejoice in the state of the rental market in Austin, as it is up 6% from 2018! Austin is on track to continue to be one of the top housing markets. According to Trulia.com, the Austin rental market is thriving thanks to new employment opportunities. Some...
Does Renters Insurance Cover Property Damage?
Renters insurance is designed to protect a tenant with costs associated with damage to personal property, medical costs, and liability costs. However, more than half of renters actually have renters insurance. Insurance allows tenants to have peace of mind in the...
What Do You Need to Prepare a Property to Become a Rental?
If you have purchased an Austin property with the intention of becoming a landlord, your question is probably what now? How do you go from being a property owner to a landlord? There are a few steps you should take before you even think about placing clients in your...
How Appreciation & Inflation Impact Real Estate Investments
When investing in real estate, it’s important to consider the effects of appreciation and inflation. In this article, we’ll discuss how appreciation and inflation impact long-term real estate investment and how you can benefit from a buy-and-hold real estate strategy....
Wear and Tear vs Damage: What’s the Difference & How To Tell?
As a property manager, you can deal with several headaches that can be incredibly frustrating. While you have high expectations that people will care for the property you are renting in a nice way, a lot of them neglect the property in certain ways. When this occurs...
What Do Property Management Companies Do?
If you’ve ever considered buying or owning rental property, you need to be fully aware of the challenges associated with being a landlord. Rental property is one of the best ways to build wealth in America when your real estate is managed properly. Failure to plan and...
How to Save on Electric Bill
Owning a home is a dream come true for many people looking to settle down or start their families. The need to cut on costs then arises, as buying or renting a home isn’t cheap, and neither is maintaining one. Property managers in Austin have the following tips to...
Creating The Perfect Tenant Screening Process
Property managers in Pflugerville have a responsibility to thoroughly screen potential renters to make sure that they are a safe, good fit for their prospective new neighbors. The tenant screening process varies by property but in general, it will include five very...
The Important Questions to Ask a Property Management Company
Property management firms are as varied as the properties they serve. Just as you’d vet a tenant, you need to vet every prospective property management company in Lakeway that you’re considering. This is particularly important if you’ll be out of state and unable to...
Make Ready Services in Cedar Park
Would you like to get that magical feeling when you open the door to find your home clean? A reliable make ready service can do wonders for your house, giving you some peace of mind. Mopped floors, spotless windows, and dusted shelves are some of the things you can...
Justifying Rental Fees Through Quality and Service Level
As someone who owns and perhaps operates income properties, the rental fees you charge tenants and the fees you incur from property managers in Buda should reflect service level and the quality of that service. In other words, you get what you pay for. Tenants who...
Qualified Vendor List for Your Property
The vendors you use for your rental property should have more than availability at the time you call in a panic. You want a vendor who will be a representative of your company when dealing with your tenants. A bad vendor will ruin your reputation as a landlord and...
Management Agreement Term Length: How Long Do You Require?
A contract with Keyrenter Layton requires only a one month term length. Why is this important? Before getting into that, start by asking why you would want to hire a property management firm in the first place. Why pay their fees, rather than simply doing the job...
5 Ways To Save Money While Renting
One of the reasons that many people rent is because they want to save money. However, if you are not careful, then you could easily end up spending money unnecessarily while you are renting. There are many things that you can do that will save you money. Here are...
5 Steps to Take Before Beginning Your Rental Property Investment Search
Before investing in property, you should be figuring out what you bring to the table. You’ll need to figure out your motivation, strengths, and weaknesses before you proceed. 5 steps to tTake before beginning your rental property investment search. Be Clear on...
How Smart Home Technology Can Add Value to Your Investment Portfolio
Smart home technology continues to flood the market with promises of making life more hassle free. If you’re ready to dismiss it as an unnecessary expense, you may want to reconsider. Smart devices can make your property more attractive to renters, increase cash flow,...
3 Money-Saving Appliances for Renters
Renting can be expensive, and saving money in any way possible is often advised by most. Energy bills alone can make up the majority of your monthly expenses, and this can often put a lot of stress on the family. Unlike monthly rent, utilities tend to vary in nature...
4 Marketing Tips For Filling Vacancies On Your Rental Listings
As a landlord, you may have numerous properties that you manage or only one room that you rent out. Regardless of the number of spaces you need to fill, every landlord can agree that an empty space does not pay the bills and wears on their minds until occupied once...
3 Alternative Flooring Options for Landlords
At Keyrenter Austin, we want you to know that there are no-hassle flooring options available that can prevent future damage to your rentals. Accidents happen. Despite the best efforts of tenants and the security of deposits, damages are costly, and they’re a hassle to...
5 Benefits of Being a Property Manager
Anyone who works for one of the property management companies Austin will probably agree that it is a very tough job. A property manager has to work long hours, which can be stressful and tiring. In fact, many property managers are working longer than 40 hours per...
Why Austin is a Great Rental Market?
Austin, Texas has recently been recognized as one of the top 10 places to purchase a rental property in the U.S., and many property owners are seeing a return on investment as high as 10.7 percent. Austin boasts nearly all of the characteristics that are associated...
An Introduction to Being a Landlord in Austin
Thousands of people move to Austin every year, and it is a great time to be a landlord. There are many advantages to owning rental properties. You can set your rental prices, and you will have a positive cash flow when the home is paid off. It is illegal to...
Austin Property Management: How to Beat the Competition
In November of 2015, the demand for housing in Texas has shown a decline of .5 percent. On the other hand, housing sales have increased in big cities such as Dallas and Fort Worth Texas. Keyrenter Austin can show you how to beat the competition by following certain...
A Few Things Every Landlord Should Know About Renting a Home
Turning your home into a rental property can be an exciting process. You must carefully screen your tenants, but you also need to make sure your property is worth renting. After making sure your home meets all the local building standards, you should research the...
Choosing Quality Tenants for Your Rental Properties
Being a landlord can be challenging. You have to make sure the house you are renting meets local building codes, and you have to thoroughly investigate your tenants. Renting your home to irresponsible tenants can have disastrous results. In the end, you could be suing...
Should You Rent a Single Family Home or an Apartment?
As you shop for your new home, it is likely that you’ll come across a number of very different options. In this increasingly competitive market, the cost to rent a home is often comparable with that required to rent an apartment. With cost being less of a factor, you...
How Can I Improve My Chances of Getting My Security Deposit Back?
Upon renting a home or apartment, the landlord or property manager will often require a security deposit. Security deposits ensure that, when tenants leave, the home or apartment is in the condition in which they found it. If the tenants meet certain standards, the...
How to Manage Noisy Tenants
Now that the renter population has increased in Austin and more and more people are investing in rental properties, the unfortunate reality is that many property managers will inevitably have to deal with tenants that don’t get along. The most common complaint? Other...