With over 41% of Rockville residents currently renting, it is no wonder people are jumping at the chance to invest in rental homes. And, while there are certainly some established landlords in the market whose hands have been in the industry for a while now, there is no reason you cannot up your game and […]
Category Archives: Tips for Landlords
26
Apr
Apr
Thorough tenant screening of all prospective Maryland tenants is critical to the success of your rental property business. Place the wrong tenant in your property and you could face enormous financial loss, property damage, and even the fall of your rental property business altogether. When you are screening potential tenants for your investment property, especially […]
20
Apr
Apr
With spring in the air, flowers in bloom, and baby birds singing, it can be easy to forget that your Bethesda rental is at risk thanks to heavy rainstorms. And, with heavy rainfall comes damage, and lots of it. Flooded basements, overflowing rain gutters, washed out gardens, and so much more can happen to your […]
19
Apr
Apr
Collecting rent from your Howard County tenant is no easy feat. Especially if you have more than one rental property. Remember, you must keep accurate records of all rent payments accepted and balance any other financial transactions that may dip into this rent collection income for when tax time comes. In the end, this adds […]
05
Apr
Apr
Even though your Howard County tenants do not own the property they lease from you, chances are they want it to feel like home; for the time being, it is their home. Many property owners have strict rules when it comes to decorating or making any changes to the interior of their rental property, and […]
03
Apr
Apr
As warmer weather quickly approaches, it is time Montgomery County property owners start thinking about how to prep their rental homes for the upcoming season. Whether your property is vacant, or has long been occupied by high quality tenants, it is important to think about the seasonal change that is advancing. Since the harsh cold […]
31
Mar
Mar
Part of being a successful landlord in Howard County is ensuring that your rental property is safeguarded in the case of an emergency. And oftentimes this is accomplished by requiring your tenants to have renter’s insurance. Yet, according to the Insurance Information Institute, as of 2016, only 41% of renters reported to have renter’s insurance. Renter’s […]
29
Mar
Mar
Customer satisfaction is the key to any business’ success. So, as a rental property owner, a good tenant relationship should be a priority. Whether you self-manage your investment properties, or employ Howard County’s top property management company to help you out, the importance of seeking a good landlord-tenant relationship should not be underestimated. There are […]
27
Mar
Mar
Howard County is one of the most competitive rental property markets in Maryland. With beautiful scenery, the excitement of city life, and a touch of history sprinkled throughout, it is no wonder people are rushing to make Howard County their home. Plus, with plenty of work opportunities that pay well above the average American income […]
19
Mar
Mar
In the past, we have discussed some of the legal considerations Howard County property owners should be aware of when it comes to pest control in a rental property. In short, as a property owner you are legally responsible for providing a pest-free property to your tenants upon the start of a lease term. From […]