Knowing what type of insurance you need is crucial to owning rental properties. That said, when investing in Richmond rental property, you will need landlord insurance. After all, accidents and damages can happen when you own and manage rental properties. Read along as we discuss why homeowner’s insurance isn’t enough and how you can find […]
Category Archives: Property Management in Richmond
05
Jul
Jul
Renting out your home offers one of the best opportunities to build a steady cash flow. That is, as long as you find the right tenants for each property. After all, low turnover and vacancy rates are essential to becoming a successful landlord. Once the perfect tenants are in place, renewing their leases year to […]
Buying Rental Properties, Owning a Rental Property in Virginia, Property Management, Property Management in Northern Virginia, Property Management in Richmond, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
Top 10 Landlord Mistakes for New Rental Investors to Avoid
24
May
May
Some people may assume that being a landlord is a simple job. However, a lot more goes into the position than you may think. That said, when investors first begin their career as landlords, they’re bound to make at least a few minor mistakes. After all, nobody is perfect. But still, the goal is to […]
25
Mar
Mar
Frequently, a homebuyer’s worst nightmare is a real estate bidding war. For investors, getting the best deal on a property is essential to achieve a healthy profit. Unfortunately, sometimes it’s unavoidable that more than one person is interested in the same property. However, there are a few ways you can avoid a real estate bidding […]
20
Jan
Jan
Despite the trying challenges and significant changes in the housing market throughout the past few years, Northern Virginia has remained a popular location to reside. That said, one of the more popular towns includes Richmond. Many people live here because of the beautiful views, developing city, and creative culture. If this sounds like a place […]
20
Dec
Dec
Looking at the Top Richmond Employers to Consider in 2022 Over the past year, we’ve experienced ups and downs with businesses and jobs due to the COVID-19 pandemic. However, one of the most significant benefits of living near Richmond is having access to a wide range of job opportunities. For instance, ranging from positions in […]
21
Oct
Oct
Tobacco, e-cigarettes, and now, recreational and medical marijuana are all things landlords need to address when adopting rental smoking policies in their investment properties. While keeping tenants happy is a priority, so is the health and well-being of other tenants as well as the property itself. That said, smokers are not protected under the Fair […]
23
Sep
Sep
Can landlords evict a non-paying tenant? This continues to be the question on millions of tenant’s and landlord’s minds across the country. Unfortunately, however, many landlords were left confused and frustrated by the changing, and sometimes contradictory, federal and state guidelines throughout the pandemic. In addition, emergency relief programs have struggled to get desperately needed […]
26
Aug
Aug
Being a successful rental property landlord can be rewarding but is not always easy. Unfortunately, for every great landlord, there are a few bad ones. Do you know what kind of landlord you are? Becoming successful in such a competitive industry demands landlords be at the top of their game with a commitment to maintaining […]
28
Jul
Jul
So many opinions on how to be a successful real estate investor can be overwhelming to new owners. In 2021, investors looking to diversify their current portfolio or take advantage of passive income opportunities turn to real estate. Thanks to developing technology and professional management firms, it is now easier than ever to efficiently manage […]