Handling a vacancy can be a nerve-racking experience for landlords. So, when you finally have an approved application and move-in date, it is an exciting time. However, a landlord’s work does not end once the application gets approved. Move-in day requires preparation to go smoothly and create a positive and lasting impression on your new […]
Category Archives: Tips for New Landlords
17
Jun
Jun
As a landlord, your rental property will go through many different types of inspections – all of which play an important role. In the rental industry, the longer a unit sits vacant, the more money the owner loses. Therefore, making sure your rental is ready for marketing and an efficient lease process is key to […]
11
Jun
Jun
When it comes to return on investment, it is hard to beat a freshly painted rental interior. That said, many landlords are unsure how much something like a paint refresh should cost. Moreover, how often does a rental need a complete repaint? Finally, which paint is the best to mitigate the added wear and tear […]
10
Jun
Jun
It is safe to say that the COVID-19 pandemic changed the rental industry in many ways. While some regulations were in response to the economic and public health crisis, many restrictions and questions still linger now that things are returning to normal. Landlords across the United States have struggled to keep up with mounting back […]
09
Jun
Jun
One does not have to look hard to find negative posts, reviews, and forum threads about bad landlords. In fact, it is easy to understand why a person who a landlord has mistreated would negatively stereotype them. That said, there are plenty of ways landlords can mistreat tenants, such as overcharging, neglecting maintenance, ignoring phone […]
27
May
May
Over 110,000,000 residents live in rental housing throughout the United States. In Maryland alone, 33.17% of households were renters, according to census data. That’s a lot of renting responsibility meaning there is a definite need for property management firms to exist. But, with so many management companies out there, how do owners know which is best? […]
21
May
May
Part of being a successful landlord is preparing for all necessary and unexpected rental property expenses. However, for new landlords or investors, this is easier said than done. When it comes to determining income and profits, there are plenty of helpful online ROI calculators. That said, estimating expenses involves many variables that landlords can easily […]
20
May
May
Thriving seller’s markets continue across much of the US, leaving some landlords and homeowners wondering – is now the time to sell? As the COVID-19 pandemic fears continue to wane, many individuals are still experiencing personal and financial uncertainty. However, if you have any interest in selling, time is of the essence as the housing […]
13
May
May
Avoiding vacancy and retaining tenants in a competitive market is sometimes an uphill battle. Although moving is expensive, it is not always enough to deter tenants from leaving for a perceived better deal. Many multi-family rental owners are familiar with the term “rental concession” as a tool to make their property stand out from the […]
10
May
May
Anyone who has lived in some of the larger cities across the US understands that affordable housing is not always easy to find. It may surprise some landlords and tenants that over 180 cities in the US enforce some type of rent control or rent stabilization. One of these locations is the nation’s capital, Washington […]