Considering a real estate investment? Purchasing a rental property and becoming a landlord can be a great source of passive income! The keys to successful property ownership involve budgeting for your big purchase, choosing a great location, making in-demand upgrades, and learning the ins and outs of rental management. We’ve collected some resources to help you with these crucial tasks and enjoy success as the new owner of a residential rental or short-stay vacation home.

Budgeting for a Property Purchase

How are you going to pay for your rental? Make a financial plan before you start looking for properties to purchase.

Can You Afford to Buy a Rental Property?

Six Hidden Costs of Owning a Second Home

Investing In Vacation Rentals: Determining Your Potential Cash Flow

Finding and Preparing a Property

Purchasing and setting up an inviting rental in a great location will allow you to charge higher rates and attract better tenants or guests.

Reach Out to The Hometown Team for Expert Real Estate Service

Why is Location So Important in Real Estate?

5 Rental Maintenance Tips to Keep Your Property in Top Shape

Installing a Generator Can Be a Good Idea in Storm-Prone Areas

Are You Prepared to Be a Landlord?

Managing a residential rental or vacation home means dedicating time to financial matters and property maintenance.

9 Things To Consider Before Becoming A Landlord

Outlining Landlord Financial Responsibilities

The Benefits of Hiring a Professional Property Manager

Connecting with Other Landlords

Networking with other landlords is a great way to learn more about running a successful short- or long-term rental.

Real Estate Investment Clubs

Partnerships: The Benefits of Teaming Up in Real Estate Investing

How to Find Real Estate Investor Partners in Your Area

Investing in real estate for the first time can be intimidating. If you don’t know where to start, consider working with an experienced investor or property manager for guidance. Once you have developed a bit of a background in real estate, you can always go your own way and embrace a more hands-on approach to rental property investing.

For all your real estate needs in the Greater Houston area, speak with a skilled and dedicated real estate professional from The Hometown Team today at 713.253.7812!