Maintenance repairs present an inconvenience for both landlords and tenants. As such, preventative maintenance tasks are essential to preventing costly and frustrating repairs. But when it comes to the lease, who is responsible for what? Not clearly outlining tenant responsibilities for maintenance from the start can lead to disputes and even more headaches than the […]
Category Archives: Owning a Rental Property in Pennsylvania
23
Jul
Jul
Maintenance and repairs are some of the biggest expenses for rental property owners. However, learning how to complete simple DIY repairs and knowing when to call experts is important to managing costs. For example, unclogging a toilet could be an easy DIY fix, but hiring a professional plumber can run anywhere from $150 to $700! […]
Owning a Rental Property in Pennsylvania, Property Management, Property Management In Montgomery County, PA, Property Management in Pennsylvania, Property Management in Philadelphia, Tips for Investing in Rental Properties, Tips for Landlords
Understanding Rental Property Pricing in a Seller’s Market
09
Jul
Jul
Housing prices continue to soar in many areas as supply still struggles to keep up with demand. This increased demand and low supply creates a strong seller’s market within the real estate industry – but where does this leave rentals? The truth is, the rental market does take some cues from the housing market. Therefore, […]
22
Jun
Jun
Handling a vacancy can be a nerve-racking experience for landlords. So, when you finally have an approved application and move-in date, it is an exciting time. However, a landlord’s work does not end once the application gets approved. Move-in day requires preparation to go smoothly and create a positive and lasting impression on your new […]
15
Jun
Jun
One real estate investment trend on the rise is mixed-use properties. Typically, these properties have a combination of residential, retail, or commercial ventures in one building. In recent years, this type of development has become commonplace in many urban areas. However, for investors familiar with traditional residential management, is gambling on mixed-use the right move? […]
03
Jun
Jun
One of the biggest decisions that landlords make is where to invest in rental property. Along with researching the local markets, it is important to realize that some states tend to favor landlords. Historically, Northern states benefit renters while Southern states tend to side with property owners. That said, owners must consider several factors such […]
24
May
May
To sell or rent – that is the question. However, the answer is not a simple one. Owning rental properties can be a lucrative long-term investment and provide a steady source of monthly income. That said, many areas across the country are experiencing a strong sellers’ market, leaving owners wondering if they should cash in […]
18
May
May
Over 5.7 million people call The City of Brotherly Love their home. Therefore, it is no surprise that Philadelphia offers an eclectic urban feel popular with both young professionals and families alike. Yet, part of what makes this city great is accessibility. Moreover, whether you rely on car transportation or public transit options, many of […]
06
May
May
It may come as a surprise to investors but owning and managing vacation rentals is not the same as traditional real estate. That said, the rapidly expanding short-term rental industry continues to provide opportunities for new and seasoned investors alike. However, to be successful, a keen eye for the right location is vital. Additionally, owning […]
03
May
May
The moratorium on evictions is now extended through June 30, 2021. Landlords are left to wonder, is there any end in sight? The answer is a complex and uncertain one. Since the CDC eviction ban has already been extended multiple times, what can a landlord do? According to Moody Analytics, an estimated 7 million households […]