Key TakeawaysProperty management costs typically include fees such as initial setup, monthly management, and tenant placement, with each covering essential services like rent collection, maintenance, and lease agreements.Additional fees may apply for lease renewals, inspections, evictions, or vacancies, and it’s important to review ...
Key TakeawaysNorthern Virginia Offers Diverse, High-Demand Investment Opportunities: With steady rental demand fueled by government jobs, tech industries, and strong schools, Northern Virginia presents a stable and lucrative environment for real estate investors. Neighborhoods like Arlington, Fairfax, and Alexandria are especially at...
Key TakeawaysLocation and Property Type Matter: Focus on high-demand areas and choose a property type that aligns with your investment goals and local renter demographics.Plan for Long-Term Growth: Evaluate the potential for appreciation and consider areas with ongoing community developments and infrastructure projects.Understan...
Dealing with a tenant who has trashed a rental property is a nightmare for any landlord. Even with the best precautions, damage can still happen. Knowing how to handle the situation can help mitigate losses and make the recovery process smoother. I’ll guide you on what to do when a tenant destroys a rental property and how to protec...
Dealing with a tenant’s passing is an unfortunate and sensitive situation that many landlords may face at some point. It’s not something that happens often, but when it does, knowing the right steps to take can make all the difference. While I’m not a legal advisor, this guide is based on firsthand experience and profess...
Planning for rental property repairs is essential to maintaining a profitable investment. While some years may bring minimal maintenance, others can require huge expenses. However, a smart budget helps prevent financial surprises and ensures a rental stays in top shape. Here’s everything you need to know, including the factors you n...
Did you know that without renter’s insurance, even a simple accident in your rental property could cost you thousands? This is why it’s essential to have a solid understanding of renter’s insurance and how it can protect both you and your tenants. In this video, we’ll explore why renter’s insurance is a must-...
Tax season is here, and I know it’s not the most exciting time of year. The good news is you don’t have to dread it. You can save a lot of money by taking advantage of a few key tax tips for landlords. Let me share with you the three best ways to reduce your tax bill this year:1. Take advantage of bonus depreciation. Bonus dep...
Understand your responsibilities when it comes to plumbing repairs.When the toilet drains fail to flush, who’s responsible for having them fixed?A clogged toilet is a household nightmare and probably the last thing you’d ever want to deal with. Imagine rising water levels and a frantic search for plungers. Amidst this flushing...
Three common situations when it makes sense to sell your rental property.When does it make sense to sell your rental property? Owning a rental property can be a rewarding investment, but there may come a time when selling becomes the best course of action. As property managers, we’ve counseled many landlords on what the best course ...
