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Property Management News

Blog Post Comprehensive Financial Reporting: A Landlord’s Secret to Long-Term Success
By Trish Ferrier - Saturday, December 7, 2024

Comprehensive Financial Reporting: A Landlord’s Secret to Long-Term Success

As a property owner or real estate investor, you know the importance of staying on top of your rental income and property expenses. But did you know that comprehensive financial reporting is truly a landlord’s secret to long-term success?Whether you own single-family homes,...
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Blog Post Why You Should Include a Tenant Benefits Package for Your Houston Rental
By Trish Ferrier - Thursday, November 21, 2024

Why You Should Include a Tenant Benefits Package for Your Houston Rental

At First Class Realty & Management, we believe that tenant benefits packages are essential for any property management company aiming to stand out in Houston’s competitive rental market. These packages not only enhance tenant satisfaction but also help property own...
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Blog Post Advice for Accidental Landlords in Houston
By Trish Ferrier - Thursday, November 7, 2024

Advice for Accidental Landlords in Houston

Becoming a landlord can happen unexpectedly. Whether you inherited a property or had to move for work, managing a rental property can feel overwhelming. As accidental landlords in Houston, we understand your situation and want to share essential tips to help you navigate this new...
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Blog Post Managing Tax Statements & 1099s: Houston Property Manager's Guide
By Trish Ferrier - Monday, October 21, 2024

Managing Tax Statements & 1099s: Houston Property Manager's Guide

It's that time of year again - tax season looms, and Houston property managers are bracing for the paperwork storm. But fear not!Whether you're juggling a dozen rental properties or overseeing a sprawling apartment complex, mastering the art of tax statements and 1099s is...
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Blog Post Tips for Successful Lease Renewals: Encouraging Tenants in Houston TX
By Trish Ferrier - Monday, October 7, 2024

Tips for Successful Lease Renewals: Encouraging Tenants in Houston TX

While the rental market is cooling, the success rate for haggling cheaper rental rates has increased from 17 to 25% (Avail, a platform for landlords). Unfortunately, only 28% of renters surveyed said they tried negotiating a lower price on their recent lease renewal. If you'r...
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Blog Post Essential Tips for First-Time Landlords
By Trish Ferrier - Saturday, September 21, 2024

Essential Tips for First-Time Landlords

Many are attracted to being a landlord because of the appeal of making passive income. Others probably never intended to become landlords, and acquired rental property through inheritance.Whether you're an accidental landlord, or you're investing in property as part of a ...
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Blog Post Tips to Attract Tenants in a Tough Houston, TX Market
By Trish Ferrier - Saturday, September 7, 2024

Tips to Attract Tenants in a Tough Houston, TX Market

According to Houston Agent Magazine, rent prices are cooling off in the city due to more supply than demand. Not only do you have to lower your rates to entice more renters to your property, but you're finding that overall, fewer people are also showing interest.This is takin...
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Blog Post Essential Information for Houston Landlords on Security Deposits
By Trish Ferrier - Wednesday, August 21, 2024

Essential Information for Houston Landlords on Security Deposits

A tenant pays a security deposit to a landlord at the beginning of a lease. This serves as financial protection for the landlord in case of damage to the property, unpaid rent, or other lease violations.Houston landlords must know the local rules and best practices for handling s...
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Blog Post Rental Management vs. Tenant Placement in Houston, TX: Pros & Cons
By Trish Ferrier - Wednesday, August 7, 2024

Rental Management vs. Tenant Placement in Houston, TX: Pros & Cons

Despite having big-city and world-class amenities like those in Los Angeles and New York, living and renting in Houston, TX, is cheaper. Here, the average rent is around 23% lower than the U.S. average. You can also rent a 3-BR apartment here for only about $1,793 monthly, wherea...
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Blog Post Rental Property Inspections: Houston TX Landlord's Guide
By Trish Ferrier - Sunday, July 21, 2024

Rental Property Inspections: Houston TX Landlord's Guide

Rental properties in Houston, Texas can be a great source of income, especially when using a sound investment strategy.There are various tasks you need to stay on top of, and one of the most crucial is property inspections. These allow you to assess the state of your rental prope...
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