Moving out and into your own rental property for the first time is exciting, but it can quickly become overwhelming. However, proper planning and knowledge of rental housing can help you avoid hiccups along the way. In today’s article, we’ll discuss the basics of renting for the first time, common tenant responsibilities, and mistakes for […]
Category Archives: Property Management in Richmond
20
Apr
Apr
Owning rental properties is an excellent way to set yourself up for financial success. However, success only comes with the proper management practices in place. That said, finding reliable tenants is one of the most important parts of owning and operating rental properties. Once you have good tenants, you won’t want to lose them. Instead, […]
07
Apr
Apr
Many investors dip their toes into real estate for the significant cash flow potential that rental properties provide. In turn, passive income offers several beneficial opportunities. For instance, some investors use their rental income to pay for monthly expenses. However, some choose to reinvest rental property cash flow to earn even more passive income. Today, […]
15
Mar
Mar
With so many opportunities and investing strategies, deciding which avenue to explore can be challenging. Many rental investors look for run-down properties to fix and flip, but why not try something new? Buying a newly constructed property for your next rental investment is an excellent way to switch up your strategy and earn solid returns. […]
24
Feb
Feb
Competition in the rental industry has many owners looking to improve their odds of attracting a quality renter. However, a full-scale renovation is costly, and not all improvements truly add value. In a market where profit margins are tight, to begin with, extensive renovations could be financially damaging in more ways than one. Thankfully, some […]
31
Jan
Jan
Maintenance and property upkeep can be a nightmare for many owners in and around Richmond. For instance, unexpected appliance breakdowns, forgotten routine maintenance, and unusually harsh weather can all lead to maintenance problems that eat into profit. Fortunately, there are proactive ways to reduce costs over time, including scheduling routine upkeep, investing in quality supplies […]
25
Jan
Jan
The past few years have been hectic for real estate investors and property managers throughout the United States. With high-interest rates, inflated home prices, and navigating through Covid-19 procedures, it’s been a learning curve for everyone involved. As we enter a new year, more changes are on the way. Read along as we discuss property […]
06
Jan
Jan
Not long ago, wealthy people were often seen buying property for investment on the outskirts of major cities. However, more than ever, urban centers are less deprecated, and neighborhoods in even the most run-down parts of major cities are being revitalized and transformed. That’s why it may just be the best idea ever for landlords […]
14
Nov
Nov
Renters these days are on the hunt for affordable rental homes. Unfortunately, with factors like inflation, rising rental rates, and the difficulty of purchasing a home, it can be hard to find affordable housing. That said, there are some great resources and ways to ensure your housing situation meets your needs and budget. Read along […]
18
Oct
Oct
Before moving to a new city or state, it’s essential to do some research about the area. Chances are, you have a reason for moving. Whether you’ve found a new job, enrolled in university, or just want to move, it’s essential to learn more about where you’re going to live. Today, we will discuss the […]