Successful rental owners follow these guidelines to ensure the success of their rental, and maximize their owning experience. 1. Treat your rental property like a business… because it is a business! 2. Have a financial reserve set aside for the “unexpected.” Placing...
Rental vacancies are a real estate owner’s worst nightmare; they mean a loss of income and a lot more work for you. If the vacancy lasts too long, it can be a huge financial burden on your property. Here are a few tips to keep your properties occupied and find new...
Landlords are responsible for keeping their rental properties in a fit and habitable condition, meaning free from any pest infestations. It’s estimated that termites alone cost American homes over $5 million in damages every year. These damages not only cost you...
It is important to perform property maintenance on your rental property in many different situations. There are many types of inspections and they can go a long way toward protecting your property, your investment, and even your tenants. Ensure that you explain to...
When a tenant moves out, it can be a bit daunting to figure out how to fill their space. Knowing where to start is an especially hard task. Here are a few tips to help you get the word out there and fill the vacancy fast. Get Online With the ever-increasing online...
The pet policy is a commonly debated issue between landlords and tenants. There are both pros and cons to allowing pets in rental properties, but pet policies don’t apply when it comes to service animals. It is important to understand the laws regarding service...
Knowing the right upgrade or renovation to make to your rental property can help to provide the best environment for your tenants. Keeping your tenants satisfied is vital to minimize the amount of time that your properties spend vacant. Vacancies are a major headache...
When it comes to finding a great rental property, it is vital to do your research and make sure you are finding the one that will provide you with the best rate of return. The average rental property owner will purchase an investment property within 30-minutes of...
The Virginia Residential Landlord and Tenant Act (VRLTA) was established for both renters and landlords to protect their legal rights. Both parties deal with a number of rental legalities that are different in Virginia from other states. This guide will provide...
Managing rental property can be a stressful undertaking. The last thing you need is to add problems caused by dishonest tenants into the equation. Being aware of a few common scams can help you prevent them from occurring. It can also help you spot the signs of a scam...