One of the most common questions for landlords is, “how much should I charge for rent?” While this is a good question, there are several considerations property owners must first address to arrive at a rental fee. For instance, what are the neighbors like, and what does the property offer? Luckily, multiple tools, resources, and […]
Category Archives: Property Management
01
Feb
Feb
While being a landlord is rewarding and stressful, finding responsible tenants is only one of the hardships you have to go through. If you want your undertaking to succeed, you must be prepared for various emergency situations that may occur on your property. A slow or inadequate response during an emergency can cost you time, […]
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 […]
20
Jan
Jan
First impressions are vitally important in business. For landlords, this begins the very first time a prospective tenant reaches out. To create a great landlord-tenant relationship, the goal is to continually foster positive interactions, including during move-in. Providing new residents with a tenant welcome packet can help set the tone for the rest of the […]
Buying Rental Properties, Owning a Rental Property in Pennsylvania, Property Management, Property Management in Pennsylvania, Property Management in Philadelphia, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
10 Tax Deductions That Landlords Miss: A Guide for New Investors
02
Jan
Jan
Tax time is a particularly stressful time for most people, especially rental investors. After all, landlords need to determine what they can write off without making mistakes on their legal tax documents. Unfortunately, deductions sometimes get missed, excluding some significant tax benefits. To avoid missing out on tax benefits, read along as we go over […]
30
Dec
Dec
How many of us have ever had to deal with an incessantly noisy neighbor or other disruptive circumstances? It happens, and when it does, it creates a sometimes hostile but always unenjoyable experience. For landlords, handling complaints from tenants may bring up the phrase “covenant of quiet enjoyment.” Although it may sound obscure, this legal […]
25
Nov
Nov
A chill is in the air, and that means the holiday season is once again upon us. After the dark days of the pandemic, this is the perfect time to get into the festive spirit. Of course, that means putting up some colorful and bright decorations. But for renters, holiday decorating often involves dealing with […]
Buying Rental Properties, Owning a Rental Property in Maryland, Property Management, Property Management in Carroll County, MD, Property Management in Maryland, Renting a Home in Maryland, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords, Tips for Tenants
Avoiding Landlord-Tenant Disputes: Top Tips for Property Owners
22
Nov
Nov
Understanding how to professionally and calmly handle landlord-tenant conflicts is an essential part of the job. Although most people avoid confrontation, it may be your job as a landlord to settle an uncomfortable situation. So, let’s go over some ways to resolve landlord-tenant disputes if you are a property owner. What Causes Landlord-Tenant Disputes? Many […]
21
Nov
Nov
When you own rental properties in regions with a lot of snow, you have to plan for snow removal before the first flakes fall. When you create a lease for your rental property, it’s crucial to determine who is responsible for maintaining snow removal. That said, it’s different depending on what type of property you […]
17
Nov
Nov
Think you’re ready to become a full-time landlord? While becoming self-employed can be exciting, it can also be scary and take a significant toll on you financially if you aren’t prepared. So, you need to plan ahead and understand exactly what you’ll be responsible for as a full-time landlord. Follow these tips if you want […]