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 […]
Category Archives: Tips for Landlords
16
Dec
Dec
A Property Investor’s Guide to End of Year Tax Planning The endless amount of tasks associated with end-of-year tax planning can be challenging for rental investors. Therefore, we recommend hiring a property management company to assist with tax filing. That said, whether you hire a professional company or file your taxes yourself, you’ll want to […]
15
Dec
Dec
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 […]
08
Dec
Dec
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 […]
07
Dec
Dec
Although real estate is known for being a stable and overall profitable market in the United States, the past few years have been unusual due to the Covid-19 pandemic. Because of this, we saw some significant changes in inventory and property prices across the country. However, now that we are approaching a new year, investors […]
06
Dec
Dec
Whether you are looking to purchase your lifelong home or buy property to rent, the first step is to learn about the investment process. Investing in real estate requires a decent understanding of the market and the required capital. With that, purchasing rental properties can be a great way to generate passive income and set […]
02
Dec
Dec
When renting an apartment or home, many things require you to work with your landlord—for example, paying rent each month, submitting maintenance requests, and taking care of emergency issues that arise within your rental. Unfortunately, if you are dealing with a bad landlord, it can make these things extremely difficult to do. That said, if […]
24
Nov
Nov
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, […]
23
Nov
Nov
Landlords should be no stranger to the laws and guidelines of the federal Fair Housing Act. These laws ensure that tenants in protected classes do not face discrimination throughout the housing industry. However, Fair Housing Laws are not the only regulations that owners must be aware of. While creating standard qualification and screening processes, rental […]
18
Nov
Nov
Although communities throughout Maryland have faced a shortage of affordable housing for some time, the COVID pandemic only exacerbated the situation. In response, Montgomery County Council members Evan Glass and Sidney Katz introduced the Housing Justice Act. Thus, creating more opportunities to combat housing discrimination and open doorways for individuals and families alike. For landlords, […]