Tag Archives: DFW real estate

“Low Ball Appraisals”

Posted on June 27, 2011 by Bernie

Mainly this blog deals with the intricacies of owning and operating single family rent houses in the Dallas, Fort Worth, Denton area. We discuss, buying, rehabbing, marketing, selecting tenants, refinancing and operating an investment property in the DFW metroplex in … Continue reading →

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Refinancing Into a Long Term Mortgage

Posted on June 27, 2011 by Bernie

This post is one in a series of articles discussing owning and operating single family rental houses in the Dallas, Fort Worth, Denton area. We talk about buying foreclosures or HUD homes, fixing them up and then renting to qualified … Continue reading →

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The Rental Business: The Lease

Posted on June 6, 2011 by Bernie

In this article we are going to talk about provisions normally found in a residential lease. If you are working with an agent, you may  have access to a standard lease form used in the state of Texas. We discussed … Continue reading →

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The Rental Business: Move in Process

Posted on May 29, 2011 by Bernie

In the last post we talked about the security deposit, what it is, when to collect it etc. The next step would be the tenant’s move-in. In these blogs we discuss how to buy foreclosures in the Dallas, Fort Worth, … Continue reading →

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Myths about Tenants

Posted on May 26, 2011 by Bernie

I hear all these terrible things about investing in rental property and most of them have to do with tenants. So I thought it was important to digress from the technical aspects of owning and operating single family rental homes … Continue reading →

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The Rental Business: Security Deposit

Posted on May 23, 2011 by Bernie

In the last post we talked about holding the property for your approved tenant after collecting the security deposit. So, let’s talk about the security deposit in greater detail in this article. After you approve your tenant’s application, you still … Continue reading →

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The Rental Business: Rejecting an Application

Posted on May 21, 2011 by Bernie

Well, I could have named this post “Communicating the results after processing the application”, which would have been both accurate and less shocking, but we all know how to communicate good news, so there’s not much teaching required for that. … Continue reading →

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The Rental Business: Processing a Lease Application

Posted on May 17, 2011 by Bernie

In the last post we talked about showing your house and collecting the application. Now, we’ll talk about how to process the application. After you have arrived at your qualification criteria for your tenants,  create an “Application Instructions” document and … Continue reading →

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The Rental Business: Showing Your Rental

Posted on May 16, 2011 by Bernie

This gallery contains 7 photos.

Let’s continue our discussion on how to show your rental. To recap, you are showing your house to pre-qualified tenants and you have taken safety precautions like the ones discussed in the previous post. Staging I made a reference to … Continue reading →

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The Rental Business: Showing the Property – Safety Tips

Posted on May 15, 2011 by Bernie

Now that you have pre-qualified your prospective tenants, it is time to show them the house. Before you show them the house, you should have completed the steps discussed in the previous post. Here’s a quick recap: Pre-qualify them by … Continue reading →

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