Rental property owners have a significant responsibility when tax time comes around. After all, landlords are responsible for reporting rental property income on their tax returns each year. While filing taxes, rental owners must declare all payments they receive as rental property income. Then, investors can deduct qualifying expenses from the total revenue. If you’re […]
Monthly Archives: October 2023
30
Oct
Oct
Would you ever consider leasing your Philadelphia rental property to a tenant you have never met? Most property owners would immediately say “no.” After all, meeting a prospective tenant in person leaves a valuable impression on you and ultimately helps determine whether they are a good fit for your property. But is there really a […]
27
Oct
Oct
Halloween is a fun time to get dressed up, attend costume parties, and go trick-or-treating with friends and family. However, it’s also a time to keep safety in mind as you walk through neighborhoods for trick-or-treating or attend haunted houses. Today, we’ll go over the importance of Halloween Safety Month and how you can stay […]
26
Oct
Oct
When it comes to maintaining a rental property, there are several aspects that you may not even consider–including chimney maintenance. If you have one, regular maintenance and chimney inspections are crucial to keeping rental properties safe. Whether you’re a tenant or a property owner, knowing how to care for a chimney or fireplace is essential. […]
25
Oct
Oct
Renting an apartment vs. buying a home has its pros and cons. However, one thing that many renters wish for is a space that they can customize and make their own. Well, just because you’re renting doesn’t mean you can’t give yourself a DIY apartment makeover. Today, we’ll go over some ways to make your […]
24
Oct
Oct
Being the owner of a rental property comes with many challenges. You’re not always sure if your tenants will pay their rent on time, if they’ll treat your investment property right, or if they will conduct illegal activities in your residence. While thorough tenant screening does a lot to reduce these risks, nothing is guaranteed. […]
23
Oct
Oct
If you own and manage rental properties, you know the importance of maintenance and repairs. When issues arise in rental units, it’s important to take care of them promptly to ensure tenant safety, satisfaction, and comfort. Today, we’ll review some of the most common tenant requests, how to handle them, and additional upgrades you may […]
20
Oct
Oct
A chill is in the air, the leaves are falling, and your HVAC system is probably the last thing on your mind. As a rental property owner, Fall brings with it many maintenance tasks like cleaning gutters and checking for leaks. However, to keep tenants comfortable all year long, it is essential to service the […]
19
Oct
Oct
The rental industry is governed by federal, state, and local landlord-tenant laws. Therefore, both tenants and landlords must understand their rights and responsibilities. Although tenants must hold up their end of the lease, landlords are held to a very high standard regarding habitability standards, building codes, and fair housing. Continue reading below as we examine […]
18
Oct
Oct
The goal of every landlord is to find the perfect tenant to occupy their rental property. As such, it can take a lot of time and due diligence for landlords to find the right fit. However, there are some ways that prospective tenants can stand out against other renters. Today, we’ll go over how to […]