A move-in incentive is generally something that motivates a potential tenant to move into your rental property. The same applies to those already leasing your property; a move-in incentive can be something that motivates them to renew their lease with you. These incentives are essentially bonuses or discounts for living in your home. The question […]
Category Archives: Tips for New Landlords
12
Dec
Dec
If you’ve never purchased rental property, you may think that being a landlord sounds like an easy way to make a bit of somewhat passive extra income. While it can be an appealing career option and offers many benefits that traditional jobs do not, it also comes with a unique set of challenges. So, if […]
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Dec
Dec
One of the biggest first impressions left on potential tenants looking to <href=”http://www.baymgmtgroup.com/property-management-montgomery-county/”>rent your Montgomery County home is the outside curb appeal. Think about it. When someone pulls up to your highly sought after Potomac property, located in an exclusive, beautiful, and well-maintained community, tenants expect the same to be true of your rental home’s […]
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Dec
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While you’re relieved to have good tenants, your tenants are happy with a landlord they like and trust. But being a good landlord to your tenants won’t just keep them happy – it’ll likely help you as well by allowing you to keep long-term tenants in your properties and avoid the costs that result from […]
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Dec
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If you’re looking for a great way to make some income in addition to your full-time job (or to make enough income to replace it), you’ve probably considered starting a rental property business. But maybe you’re feeling uncertain about how it all works. Specifically, you might be wondering what options you have when you’re looking […]
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Transamerica Center’s 15th Annual Retirement Survey shows that 78% of workers are saving for retirement right now. Are you one of those workers? If not, it’s time for you to start saving. While the thought of budgeting for a retirement fund may seem daunting if you don’t have much expendable income, it can be much […]
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Nov
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As a landlord, you do not want just anyone leasing your rental home. You want good quality people that will pay their rent on time, respect your property, and follow the terms of the lease agreement. As if handling a rental property wasn’t enough, the last thing a landlord, or their Howard County property management […]
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Nov
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Did you know that 60% of renters are under the age of 40? Many of these renters are millennials, ranging in age from 18 to 34 as of 2015. Often, they prefer renting over home ownership because: They are paying off huge amounts of student debt and cannot afford home ownership. Their career requires them […]
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Nov
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Holding an open house is one of the most effective ways to attract new tenants to your property. At first, this may seem like the easiest process ever. You might think that all you need to do is open the doors and let whoever shows up walk inside and look around. But it isn’t always […]
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Nov
Nov
Mold contamination in homes, offices, and other indoor environments have been on the rise over the past 20 years. Though no one wants to hear that their rental home has mold polluting the air their tenants breathe, it is more common than one might like to admit. Unfortunately, discovering mold in your rental property can […]