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Key Takeaways Vacancies, Turnover, and Deferred Maintenance Add Up: Delayed marketing, long gaps between tenants, and postponed repairs can quietly erode profits through lost rent, higher repair bills, and tenant dissatisfaction. Underpricing Rent and Legal Oversights Can Be Costly: Failing to keep rents aligned with the market or overlooking compliance requirements can lead to thousands in lost revenue and legal penalties. Time, Stress, and Missed Details Matter: The hidden toll of managing rental properties—including tenant damage not cover…

Key Takeaways Importance of Safety Compliance: Meeting rental safety standards is essential for protecting residents, avoiding liability, and maintaining long-term property value. Essential Safety Features: Landlords should prioritize critical safety features like smoke and carbon monoxide detectors, secure entry points, and up-to-code electrical systems. Ongoing Maintenance Matters: Regular inspections and maintenance—such as checking for mold, ensuring proper lighting, and clearing emergency exits—help keep properties compliant and safe. Ex…

As a landlord, you might be wondering: how long does an eviction take? Many states have their own rules and regulations that indicate how the eviction process needs to be handled. While no landlord wants to find themself in a situation where they need to evict a tenant or file an eviction suit, in some cases it’s necessary. In this article, we’ll guide you through what to expect after you start the process under Texas Law. Providing Notice A landlord in Texas is allowed to evict their tenant for the following reasons: Failure to Pay Rent A…

Key Takeaways Maximize Deductions: Landlords can save money by claiming deductions like depreciation, insurance premiums, and repair costs. Keep Organized Records: Maintaining detailed records of expenses, income, and legal documents is crucial for accurate tax filing. Know Your Filing Requirements: Different ownership structures (individual, co-ownership, or business) require specific IRS forms. Consider Professional Help: Hiring a property management company can simplify tax filing and help avoid costly mistakes. As a rental property owner…

Finding great tenants who pay rent on time and care for their rented premises is every landlord’s dream. When you eventually find such a tenant, your next goal should be to keep them happy for as long as possible. Happy tenants are less likely to leave, reducing your turnover costs and ensuring you make more profits. But, how exactly do you do that? Here are tried-and-tested tips, from Legacy Realty & Management , to help ensure you keep your tenant satisfied. ABOUT US 469-576-7676 Learn More Here Handle Repair & Maintenan…