For rental property owners, maximizing your investment is the goal. Sometimes, this involves remodeling, upgrades, or even home additions. For example, one common question investors have – “is it worth it to add a finished basement to a rental?” While this is one upgrade with excellent ROI potential, the cost can sometimes be out of […]
Category Archives: Property Management in Maryland
When you are a rental property owner, it’s essential to keep updated with your tax responsibilities. Real estate investors are expected to report their total rental revenue on their tax returns at the end of each year. During this time, investors must declare all payments they receive from tenants as rental revenue. From there, property […]
Rental property owners have many compliance items to attend to before renting their home. One of which is the rental license. In most areas across the country, landlords must obtain a rental license before advertising the property to tenants. That said, the process of getting this license may vary but generally includes an application, inspection, […]
Laws at the federal, state, and local levels govern landlords and all aspects of the rental industry. That said, the goal of these regulations is to ensure tenants have a safe and habitable rental home. For landlords, navigating inspections and rental compliance requirements is a vital yet daunting process. Additionally, each jurisdiction may have different […]
The rental application and subsequent tenant screening questions are a landlord’s first defense against troublesome tenants. That said, many landlords do not know what they can or what they should ask to secure the best occupant. After all, landlords must be mindful not to violate any Fair Housing Laws with their screening criteria. So, join […]
Nowadays, modern renters expect amenities that offer convenience, efficiency, added security, and enhanced comfort. As the industry becomes increasingly competitive, “smart” technology is at the top of many tenants’ list of desires. Therefore, by strategically installing smart devices in a rental, landlords can turn that property into a smart home. Thus, increasing its value and […]
As costs of everyday goods and services continue to rise, many tenants and landlords seek to trim expenses anywhere they can. For landlords, making your rental property more energy efficient does not have to be an expensive overhaul. In fact, small changes can make a significant impact on utility costs. So, join us below as […]
Without a doubt, 2020 and 2021 have been a struggle for many landlords. The COVID pandemic caused disruptions in rent payments and evictions for non-paying tenants. Even though the government did step in to try and provide rent relief, many landlords are still left holding the bill, owed thousands in back rent. The pandemic […]
The thought of accepting a tenant with a Housing Choice Voucher may intimidate some landlords who are unfamiliar with the process or guidelines. As with any decision, landlords have, there are downsides. However, as affordable housing continues to be harder and harder to find, property owners may find several advantages to participating in the program. […]
The COVID pandemic has changed many things in the rental industry. However, landlords must have comprehensive and fair rental screening policies that remain consistent. That said, many renters had their income interrupted or even faced eviction due to the pandemic. So, how should future landlords view these circumstances? The trouble is, without thorough screening, landlords […]