Want to Own Rental Property in Texas?
Maybe you’re thinking about selling your home or renting it out to tenants. Do you really want to own rental property in Texas? You will need to know the state, county and municipal laws and ordinances controlling what landlords can and cannot do with their rental property. Besides understanding the legal aspects of being a landlord, you’ll need to think about other aspects of your decision, too.
Calculating your monthly rental income is probably the most important exercise. By checking out comparable rental properties and finding out how much rent you can expect to collect each month you will have a foundation for many other decisions. Research typical monthly rents in your area and start with that basic information.
Then you can start making a list of your taxes, insurance and maintenance expenses, the best you can estimate them. By subtracting the total of your monthly expenses from your monthly rental income you’ll know whether you can expect to come out ahead each month. Many landlords find they have to cover the monthly expenses if the house is not rented or because the expenses exceed the rental income.
Considering the Alternatives
In case you’re a bit overwhelmed and your excitement is starting to fade due to the many things you need to know and do as a landlord, you might want to consider the alternative of selling your home instead.
Instead of becoming a landlord yourself, you might consider selling your house in Texas to a professional investor. Investors buy and sell residential properties as a business, not as a hobby on the side. They are well-aware of the costs involved in maintaining their houses for sale and for rent. If you don’t want to become an investor, consider selling to an investor.
Contact Professional Investors at We Pay Fast
Once you determine whether you have a genuine interest in becoming a landlord or not, that’s when you may decide to sell to an investor. We Pay Fast is a team of experienced, professional investors that pay cash for houses in Texas.
Call 405-521-1807 or email [email protected] to sell your home quickly and easily, with no real estate commission or fees. Receive your full purchase price at closing, with no deductions for selling or legal fees, in as little as a week to ten days after you sign a contract to sell your house to We Pay Fast investors.