When a new tenant moves into your property, it’s time to start generating income from your investment. And not just from the first month’s rent – you have two other instant revenue options as well: the last month’s rent and the security deposit. Both of these are excellent ways to test a tenant’s financial stability […]
Category Archives: Tips for Landlords
05
Aug
Aug
Becoming a Prince George’s County landlord is simple. Buy a property, place some tenants, collect rent, and call yourself a landlord. Right? Wrong. Though at its core being a landlord is exactly that, the truth is there is much more to being a PG County landlord, especially if you want to be successful. You must […]
01
Aug
Aug
Determining the amount you want to charge for your Baltimore County rental property can be a delicate balancing act. Charge too much and you will surely experience high vacancy rates. Charge too little and your rental property business will suffer in the form of negative cash flow. So, how do you go about deciding the […]
21
Jul
Jul
One of the most important parts of the tenant screening process is to make sure the prospective tenant has verifiable employment and income. This tenant screening process is important for two reasons: It helps you ensure that the applicant has the income to pay rent regularly and on time. It helps you ensure that the […]
01
Jul
Jul
At first, renting out your Baltimore County property to your friends and family might sound like a great idea. You know more about them than your other tenants, and you know that they’re good people. You think that if a problem were to arise, you’d be able to handle it swiftly and without hassle because […]
29
Jun
Jun
Do you own a house or apartment building that you can rent out to tenants to generate income? If you answered yes then you should jump at the opportunity. Becoming a landlord is a fantastic decision for anyone who wants to create an income stream for themselves at any point in their lives. But if […]
29
Jun
Jun
No Baltimore landlord likes a vacant property. Worries about loss of income, damage to the property, and theft can cause many sleepless nights. And while vacancies are an unwelcome downside to being a landlord, there are steps you can take to reduce the possibility of an unoccupied property. Let’s jump right in and take a […]
13
Jun
Jun
You might feel hesitant to rent to students. Maybe you’ve heard stories of wild parties where students trash their house, or maybe you’re concerned that students don’t make enough money to pay rent on time every month. However, if you screen every tenant thoroughly and clearly explain your rules, you might find that renting to […]
13
Jun
Jun
If you own rental property in the Howard County area, chances are you have considered hiring a property management company at one point or another. After all, the right property management company can handle the time-consuming tasks and stresses related to leasing your rental home. As a landlord, it is important you feel reassured that […]
24
May
May
Being a Baltimore landlord is already a complicated job, and the last thing you want on top of all your other duties is to land in legal troubles with a tenant. Not only can a lawsuit be a huge financial burden – it can waste your time and cause you tons of stress. If you’re […]