If you need extra income, renting out a spare room can be a great solution. However, it’s not as simple as it looks. There are several things you need to consider before moving forward, especially since the tenant will be sharing your home. By renting out a room, you can help cover your mortgage, property […]
Category Archives: Owning a Rental Property in Virginia
Wondering, can HOA evict you? Understanding how Homeowners Associations (HOAs) work is essential for tenants living in HOA-managed communities. While HOAs play a role in maintaining property standards, can they kick you out? The answer might not be as simple as it seems. From rule enforcement to legal actions, there are situations where HOA decisions […]
With a mix of fascinating museums, historic landmarks, scenic outdoor spots, and lively attractions, Northern Virginia offers endless opportunities for all ages. Thinking about visiting or already exploring the area? Get ready for an adventure! In today’s article we take a closer look at some of the must-see places to visit and things to do […]
As a landlord, finding ways to boost rental revenue is always a top priority. Although increasing rent may seem like the simplest way to solve the problem, you risk losing your tenants. Instead, value addition is the best strategy to increase rental income since it allows you to improve your property and services without simply […]
Owning rental property can be confusing at times. Having a property manager as part of the equation can be great, while at the same time it isn’t always entirely clear what falls within the scope of their role, what does not, and what costs the owner still has to pay for. Maintenance is certainly one […]
For every great landlord, there are infinitely more horrible ones. Thus, tenants must be vigilant when selecting their next rental home. While location, size, price, and amenities are significant aspects to searching for the right place, tenants are not just renting a home; they are entering a long-term relationship with the landlord. So, it is […]
Are you trying to decide between investing in a single-family vs multi-family property? We understand that this choice is crucial. It’s not just about picking a property, but it’s about finding the right match for your money goals, your way of investing, and how you see your money growing in real estate. In this guide, […]
Are you aware that a silent intruder could lurk beneath your rental property, silently wreaking havoc on its value and your tenants’ well-being? Often unseen and insidious, water damage can chip away at your property’s integrity by decreasing its value by 10-20%. As a landlord, staying proactive against this hidden threat and knowing how to […]
It may surprise some rental owners, but property management and property maintenance are not necessarily the same. For landlords, maintenance is just one item in a long list of responsibilities to keep a rental business running. Savvy investors look to professional management firms to maximize profits while avoiding the daily stresses associated with the rental […]
A tenant holding over can be a scary and frustrating situation for property owners. So, when a lease expires and the tenant refuses to vacate, what is a landlord to do? It is critical to remember that even though the tenant is no longer under the lease, they still have rights. Thus, meaning the landlord […]