Red Flag #4 – “I’m looking for my grandmother / aunt / good friend who is working” It’s vitally important to meet the person who is applying to rent. If a person comes to you looking for a place for someone else, takes a rental application, and then returns later with that rental application, you …
Red Flag #3 – “I work for a family member.” Most of the time someone who “works” for a family member is just making up their income. The work is unstable, sporadic, and likely to be paid in cash. Sometimes a potential applicant in this situation will even bring in a signed affidavit from the …
Red Flag #2 – “I’ve been living with my mom / sister / grandparent / cousin.” Unless someone is in college or just graduated, most grown adults want to live in their own place. So for most people, someone who is living with a family member is often living there because they cannot live anywhere …
Sooner or later every owner of rental property is faced with a remodeling dilemma. When your property becomes worn or outdated, but you are not ready to sell it, how do you decide what kind of upgrades to make? Should I upgrade the flooring to wood laminate? Should I replace a broken appliance with stainless …
Have you ever wondered how much income a resident should have in order to qualify to rent your home? The amount of income used to qualify a resident varies from property manager to property manager. Here at RDM Realty, we look for applicants who can document income that is at least 3 times the rent …
Today I’m happy to announce that RDM Realty is starting a blog. This blog will provide useful tips for owners and property managers, such as managing difficult tenants, handling repairs and upgrades, and analyzing your return on investment property. Managing rental property in the Houston market can be a win-win for everyone: the tenant who …
