The worst thing for any landlord is having a vacant property. Not only does vacancy mean no money is coming in, but landlords also have to invest time and money in finding new tenants. That said, the strongest rental businesses have low turnover among their tenants. This keeps their cash flow steady and reduces costs. […]
Category Archives: Property Management in Maryland
17
Nov
Nov
No landlord wants to deal with the inevitable cost and hassle that comes with eviction. However, it is sometimes necessary as a legal means for removing a problem tenant. As frustrating as the situation may be, landlords cannot resort to their own means of eviction. In fact, state laws are stringent regarding evicting a tenant, […]
16
Nov
Nov
The rental agreement is the most critical document to the success of a landlord-tenant relationship. However, many owners do not fully understand the legal implications of this document. As a result, some landlords opt for cookie-cutter leases that do not offer adequate protection instead of consulting a professional property manager or attorney. But ensuring the […]
10
Nov
Nov
There are two leading strategies for the average investor to actively create real estate income: buying rental properties or fixing up houses to sell. In today’s market, either strategy can be a good investment for property owners, though each one comes with different risks and benefits. The real question is not which is the better […]
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. […]
12
Oct
Oct
Many uncertainties accompany rental property ownership. However, one thing is for certain, maintenance and repairs are inevitable. Unfortunately, a common mistake for new landlords is underestimating potential maintenance costs and not preparing for the worst. While avoiding many disastrous repairs involves preventive action, it is always a good idea to set aside more emergency funds […]
06
Oct
Oct
New or novice rental property owners may find that being a landlord entails more than they bargained for. That said, enlisting the help of one of Gaithersburg’s top property management companies is the next logical step. However, you may be unfamiliar with the responsibilities of a property manager and just how much they can benefit property […]
28
Sep
Sep
One of the risks of being a landlord is having tenants who don’t pay their rent. However, when a tenant files for bankruptcy, it creates a different set of issues. Bankruptcy can disrupt everything from collection efforts to the ability to evict a delinquent tenant. However, it is possible for a landlord-tenant relationship to survive […]
19
Sep
Sep
High-quality flooring is one of the most important amenities you can offer your rental property tenants. There are many options, and depending on your specific needs you might choose one or several available options. Knowing the different types of flooring you can place in your rental will help make your property as visually appealing as […]
12
Sep
Sep
Would you rather deal with a prolonged vacancy or an eviction? If you are an experienced landlord, you know the answer. Finding the right tenant for your rental property can take time and effort. After all, you want to avoid long periods of vacancy, but you also want to avoid going through the eviction process. Today, […]