Wojciech Kic, the founder of MANAGERENTHOUSES, has published several articles which have become well-known in the property management world. They appeared originally in the Enricher, Houston Business Journal, San Antonio Business Journal and re-appear here by permission. These articles are filled with insights into human nature and the art of property management. They are based on the experience of managing over 5,000 individually owned rent houses over the last 30 years.
Ad valorem tax, commonly known as property tax, is one of the largest operating expenses for any Houston (Harris County) area property owner. On average, in Harris and surrounding counties, the property tax rate is about 3 percent.Thus, an owner of a rental property worth about $150,000 can expect a $4,500 annual property bill. An […]Read More
The necessary ingredient of successful long-term ownership of a rental property is the property owner’s ability to address the maintenance needs of the property on an ongoing basis. A rental house consists of thousands of parts, which are exposed to the natural 24/7 process of aging as well as the wear and tear by its […]Read More
There are a number of techniques to successfully sell a house.When showing an owner occupied house, real estate agents typically ask their clients to leave during the showings. Furniture is staged for the best visual effect, soft music reverberates in the air, and the bread machine is left on to let the buyers feel right […]Read More
Real estate management is as much about linguistics as it is about the physical management of an asset and the lease administration. Take for example a typical answer to a question from a ten ant regarding the due date for the monthly rent on a lease of a single family house in Houston,Texas? “I know […]Read More
There are several approaches to the complex business of making money. One can earn a salary from employment, gain profits from a business venture, receive rents from real estate rentals, or be paid interest on monies one already has. Many people derive income from one activity; others earn income, simultaneously, from different sources. The desire […]Read More
How fast is a typical marathon run? Obviously it depends on who you ask. For example, the world record for a marathon race is just over 2 hours. While there may be some differences in the type of person who chooses to run a marathon, a typical marathon is run in just under 5 hours. […]Read More
In Houston, we are an automotive driven as opposed to a pedestrian culture. We all drive, we drive all the time, and we drive everywhere. Because we drive we are not as street wise as our contemporaries in the larger, pedestrian friendly towns of the East Coast. We learn about the world through the images […]Read More
What is deflation? Deflation is an economic term generally associated with decreases in pricing and spending. When and how did the current deflation begin? The introduction of the internet in the early ‘90s triggered deflation by rapidly increasing innovation. In the pre-internet world, the return of capital invested in a new gadget was protected by […]Read More
It is hard not to love Houston’s freeways.They resemble a giant toy box — you get in it and play. Driving the freeways you quickly notice thousands of other cars and trucks sharing the road with you, often at speeds of 60 to 70 miles per hour. With all that traffic the number of vehicle […]Read More
An extravagant monster, the SUV — sport utility vehicle — rules the American road. The debate over this immensely popular vehicle rages on. To some, the high gasoline consumption of the vehicle is a symbol of decadent waste. To others, the large size of the vehicle is a symbol of status and safety. What is […]Read More
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