While many benefits come with investing in real estate, tax time can still be a significant source of stress for property owners. Investors that aren’t well versed in tax requirements, deductions, and processes may quickly become overwhelmed. At the same time, the Covid-19 pandemic has posed many tax changes for people worldwide, including landlords and […]
Category Archives: Buying Rental Properties
Despite the trying challenges and significant changes in the housing market throughout the past few years, Northern Virginia has remained a popular location to reside. That said, one of the more popular towns includes Richmond. Many people live here because of the beautiful views, developing city, and creative culture. If this sounds like a place […]
As we enter a new year, the COVID-19 pandemic is, unfortunately, still stuck with us. So, what does that mean for the housing market? Investors hope that the New Year will help create a more stable market. However, the past few years have been abnormal because of the pandemic, and we’ve seen many changes in […]
Buying Rental Properties, Owning a Rental Property in Maryland, Property Management, Property Management in Prince George's County, MD, Rental, Renting a Home in Maryland, Tips for Investing in Rental Properties, Tips for Landlords, Tips for Property Managers, Tips for Tenants
Bedbugs! How to Prevent & Treat Bedbugs in Your Rental Property
Nobody wants to deal with the hassle of removing bedbugs, especially in a rental property. However, bedbugs can easily make their way into your rental home without you even knowing it. Whether they come from someone’s clothes, luggage, or bedding, they can quickly become a nuisance and must be removed immediately. So, let’s go over […]
No family or individual should fall victim to housing discrimination, but unfortunately, it happens from time to time. That said, when you own a rental property, there are specific protocols that you must follow. For example, the 1968 Fair Housing Act prohibits discrimination against tenants. In addition, housing discrimination claims can have tremendous legal and […]
Buying Rental Properties, Owning a Rental Property in Maryland, Property Management in Howard County, MD, Property Management in Maryland, Renting a Home in Maryland, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
When to Hire an Accountant to Handle Your Rental Property Taxes
Owning a rental property can be stressful, especially during tax time. A rental owner’s countless tasks and responsibilities near tax time can get extremely overwhelming. That said, many rental homeowners prefer to hire a professional accountant rather than file taxes themselves. However, it’s still good for investors to evaluate finances and plan for tax season. […]
Buying Rental Properties, Owning a Rental Property in Virginia, Property Management, Property Management in Arlington, Property Management in Northern Virginia, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
Documenting Tenant Communication During Property Violations
Among the many tasks of owning a rental property, maintaining tenant communication is one of the most important. After all, communication is the foundation of any great relationship. Handling tenant complaints, repairs, or other concerns can sometimes get extremely frustrating. However, landlords need to keep it together and communicate effectively, even during stressful times. That […]
Maintenance within a rental home is necessary for both landlords and tenants. Although landlords have many responsibilities within their rental properties, tenants must keep up with regular maintenance procedures to maintain a safe living space. With that, it’s imperative to outline landlord and tenant responsibilities clearly from the start. Failure to state maintenance procedures for […]
Handling lease agreements is one of the most important aspects of any rental business. Without a solid lease agreement, property owners can get damages beyond their budget. In addition, lease agreements are helpful to determine the rights and responsibilities of both the tenant and landlord. That said, sometimes circumstances pop up, and a lease may […]
Buying Rental Properties, Owning a Rental Property in Virginia, Property Management, Property Management in Manassas, Property Management in Northern Virginia, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
Top 10 Tax Write-Offs for Real Estate Investors and Landlords
As we approach the end of the year, rental investors must prepare for tax season. For many, taxes are stressful and can be hard to navigate without professional help. While there are a ton of tax write-offs for real estate investors, property owners must file taxes correctly to make it as beneficial as possible. That […]