Advantage Asset Management - Articles
The Financial Aspects of Property Management: Budgeting, Forecasts, and More
Managing a property involves more than just finding tenants and ensuring maintenance; it requires careful financial planning and management. As property owners, understanding the financial aspects of property management is essential for maximizing returns and ensuring...
Improving Tenant Retention: Pro Tips for Long-Term Success
Introduction: As a property manager, one of your top priorities is to maintain high tenant retention rates. Not only does this contribute to a stable income stream, but it also reduces turnover costs and fosters a sense of community within your properties. In this...
Staying Updated: Key Property Management Trends for 2024
Introduction: As we step into the new year, it's essential for property managers to stay ahead of the curve and adapt to the evolving landscape of real estate. In 2024, several trends are shaping the property management industry, from technological advancements to...
Navigating the Challenges of Mixed-Use Properties with Advantage Asset Management (AAM)
Introduction: Mixed-use properties have become increasingly popular in today's real estate market, offering a blend of residential, commercial, and retail spaces within a single development. While these properties present unique opportunities for investors, they also...
Getting More Potential Renters by Using Virtual Tours – 5 Ways to Get More Renters Easily
Introduction In the competitive rental market, standing out is imperative for property managers. Traditional photographs and open houses are no longer enough, especially in an increasingly digital age. One tool that has revolutionized the rental property marketing...
Maximizing Your Commercial Property Investment: The Benefits of Using a Property Management Company
Introduction: Owning commercial real estate can be a lucrative investment, but it also comes with its fair share of challenges. From tenant management to maintenance and financial planning, there's a lot to handle. That's where a professional property management...
Understanding Lease Agreements: Protecting Both Tenants and Owners
Introduction: Lease agreements serve as the cornerstone of the landlord-tenant relationship, outlining the rights, responsibilities, and expectations of both parties. At Advantage Asset Management (AAM), we recognize the importance of comprehensive lease agreements in...
The Crucial Role of Regular Property Inspections in Property Management
Introduction: Property inspections are a fundamental aspect of effective property management, ensuring the upkeep, safety, and value of real estate investments. At Advantage Asset Management, we recognize the significance of conducting regular property inspections to...
Tenant Screening 101: Finding the Perfect Fit for Your Property
Introduction: As a property owner, one of the most critical decisions you'll make is selecting the right tenants for your rental property. Tenant screening is not just about filling vacancies; it's about finding reliable, responsible individuals who will treat your...
A Guide to Eco-Friendly Property Management Practices
Introduction: In an era where environmental consciousness is paramount, property owners and managers play a crucial role in fostering sustainable practices. Advantage Asset Management believes in the power of eco-friendly property management to not only reduce...
Maximizing Your Property’s ROI: Tips for Owners
Introduction: Investing in real estate is a promising venture, but the key to success lies in maximizing your property's Return on Investment (ROI). As an owner, understanding the nuances of property management and implementing strategic measures can significantly...
The Tech Evolution in Property Management: A Game Changer for Single-Family Homeowners
Owning a single-family property is a rewarding investment, but managing it efficiently comes with its challenges. However, the landscape of property management is undergoing a transformational shift, thanks to technology. With advancements in various digital tools and...
5 Signs It’s Time to Hire a Property Management Company
Managing rental properties can be both rewarding and challenging. While some property owners excel at handling their investments, others may find the responsibilities overwhelming. If you're uncertain whether it’s time to seek professional help, here are five signs...
Top 10 Qualities Every Property Manager Should Have
The role of a property manager is dynamic and multi-faceted. They are the frontline soldiers in ensuring that properties are maintained, tenants are satisfied, and owners are stress-free. Given the intricacies of this job, what are the essential qualities that set...
Commercial vs. Residential Management: What’s the Difference?
In the world of real estate, property management acts as the backbone of a smoothly operating investment, whether it's a sprawling shopping complex or a quaint suburban home. However, the management strategies and responsibilities differ significantly between...
Green Living: Energy-Efficient Upgrades for Your Residential Property in Houston
Houston's sprawling landscape is known for its impressive skyline, diverse communities, and innovative real estate. As sustainability becomes a paramount concern globally, Houston homeowners are also feeling the pressing need to adapt. Making environmentally conscious...
Maximizing Space: 8 Design Tips for Smaller Residential Units
Small spaces don't necessarily mean limited possibilities. With innovative space-optimization techniques, even the tiniest apartment can feel spacious and welcoming. In bustling urban environments, small apartment interior design has taken center stage, leading to an...
The Role of Social Media in Modern Residential Property Marketing in 2023
The world of residential property marketing has undergone a seismic shift in recent years. The catalyst? Social media. Platforms like Facebook, Instagram, Twitter, and LinkedIn have become indispensable tools in the arsenal of realtors and property managers....
The Future of Residential Property Management in Houston: Trends to Watch in the Next Decade
As we find ourselves on the brink of a new era in property management, it's evident that the city of Houston stands out as a significant player in shaping the industry's future trajectory. Known for its robust real estate market and dynamic urban growth, Houston is...
Best Tenant Retention Strategies: Keeping Your Renters Happy in 2023
Tenant retention is the bedrock of rental property management. In 2023, the landscape of renting properties has drastically evolved, and with it, the strategies to keep tenants content. Let's explore the best practices to ensure tenant happiness and sustainability in...
Understanding the Tax Implications of Owning a Rental Property in Houston
Introduction Owning a rental property in Houston can be a financially rewarding endeavor, especially given the city's thriving real estate market. However, to truly optimize the benefits and navigate through Houston's complex rental property tax landscape, one must...
Safety First: 10 Essential Security Measures for Your Rental Property in Houston
Houston is a dynamic city, known for its cultural diversity, economic growth, and vibrant neighborhoods. However, like any urban center, ensuring safety for rental properties is a paramount concern for landlords. Taking the right security measures not only safeguards...
Navigating the Complex World of Property Insurance: A Guide for Landlords in Houston
Houston, with its sprawling urban landscape, burgeoning economy, and attractive real estate market, has become a haven for property investments. However, owning a property, especially for the purpose of renting, comes with its risks. That's where property insurance...
How to Set the Right Rent Price for Your Residential Property in Houston
Houston, fondly known as Space City, is more than just a hub for space enthusiasts. It's a dynamic real estate market with an ever-growing demand for residential properties. As a landlord, setting the right rent for your property can be a challenging task. In this...
Evolving Landscaping Trends in Residential Properties in Houston
Introduction Houston, a city known for its dynamic urban landscape, is now at the forefront of redefining landscaping trends in residential properties. With homeowners becoming increasingly conscious of the environment, sustainable and eco-friendly designs have gained...
A Deep Dive into Lease Agreements: 8 Vital Provisions Houston Landlords Should Include in Agreements
Introduction Navigating the rental market in Houston involves a delicate balance of rights, responsibilities, and legalities. At the heart of any landlord-tenant relationship is the lease agreement, an essential document detailing the terms and conditions underpinning...
Tenant Screening Simplified: 8 Essential Questions to Ask Before Choosing Your tenants
Houston, with its vibrant real estate market and diverse population, offers lucrative opportunities for landlords. However, effectively managing rental properties in Houston requires careful consideration of several key factors.
Houston Property Management: Key Consideration for Landlords
Houston, with its vibrant real estate market and diverse population, offers lucrative opportunities for landlords. However, effectively managing rental properties in Houston requires careful consideration of several key factors.
Property Management Updates from the Front Lines – February 11, 2021
In this issue: January sales and lease data from HAR Rental assistance coming soon, still not sure how it will go though Upcoming freeze We have made it through the first month of 2021. It still feels a little like 2020 to me. The stock market made some crazy moves...
Property Management Updates from the Front Lines – January 18, 2021
In this issue: December and 2020 overall HAR data Stimulus, Stimulus, Stimulus Evictions in 2021 Holy goodness this year has started off with a bang! First, Happy New Year's to you all, and I hope that you got to spend some quality holiday time with family and...
ANALYZING REAL ESTATE INVESTMENT PROPERTIES
ANALYZING REAL ESTATE INVESTMENT PROPERTIES Brought to you by Advantage Asset Management – A Houston Property Management Company We all know that the reason for investing in real estate (or anything for that matter) is to get a return. That return expectation...
I Just Bought another House! But, What Do I Do With the One I’m Moving Out of?
I JUST BOUGHT ANOTHER HOUSE! BUTWHATDOIDO WITH THE ONE I’M MOVING OUT OF? Brought to you by Advantage Asset Management – A Houston Property Management Company It’s an exciting time moving from one house to the next. Maybe you needed to move out of your starter home...
Handling Maintenance for Your Investment Property
HANDLING MAINTENANCE FOR YOUR INVESTMENT PROPERTY Brought to you by Advantage Asset Management – A Houston Property Management Company It’s inevitable. Your real estate investment will have maintenance when you rent it out. In general, when you’re renting an...
The Bad and the Ugly: A Story of How I Got Into Property Management
The Bad and the Ugly: A Story of How I Got Into Property Management Brought to you by Advantage Asset Management – A Houston Property Management Company My name is Charlie Roseland, and I am the President and owner at Advantage Asset Management (“AAM”). As I...
FAQs for Prospective Investors
FAQs for Prospective Investors Brought to you by Advantage Asset Management – A Houston Property Management Company Q: What are your monthly fees? A: We offer competitive rates. A decent rule of thumb is 8.0% of the rental price, but this might be adjusted...
I’m An Investor
I’M A REAL ESTATE INVESTOR Brought to you by Advantage Asset Management – A Houston Property Management Company Are you investing in real estate to create a passive income stream? Do you see the long-term benefits of being in real estate? You’re not alone. With...
My Job Is Moving Me
MY JOB IS MOVING ME Brought to you by Advantage Asset Management – A Houston Property Management Company The Houston metroplex is a major hub for the energy, medical, financial, and personal services industries. We are one of the most international cities in the...
When Does Property Management Make Sense?
WHEN DOES PROPERTY MANAGEMENT MAKE SENSE? Brought to you by Advantage Asset Management – A Houston Property Management Company This is a common question that almost all real estate investors ask themselves. Should I outsource to a property management company, or...
I Inherited A Home Now What?
I INHERITED A HOME, NOW WHAT? Brought to you by Advantage Asset Management – A Houston Property Management Company Inheriting a home from a family member is a common occurrence. This is not something most people typically plan or think about, but as a property...