Houston rents are surging — despite the plunge in oil prices
The article also has a nationwide list of the 10 hottest rental markets and the 10 coolest rental markets.
For some reason people tend to forget that there is more to Houston than oil.
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Rents may be surging, but so are property tax values, which is wiping out most gains if not all. Anyone that is a landlord in Houston needs to raise their rent in order to just stay even.
@Jerry Ta This is 100% true! One of my properties tax appraisal went up 20% front last year to this year. Time to fight it
Jerry Ta This is 100% true! One of my properties tax appraisal went up $20k front last year to this year. Time to fight it
Property Tax protest season is approaching. I protest my property taxes every year with moderate success. I use O'Connor & Associates www.poconnor.com/ . You can also protest your taxes without a commercial service if you have the time. There is a lot of "how to" articles on the Internet.
This post is somewhat timely being that I just reviewed my tax info the other day. I too experienced a $22k increase one of my properties which represents a 31% increase, which is absurd. Will definitely be protesting the increase on all properties.
This is why I love Bigger Pockets. I am experiencing the same thing and now I know what to do.
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