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 […]
Category Archives: Tips for New Landlords
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 […]
30
Nov
Nov
In 2020 and 2021, the housing market saw some unusual activity, prices, and demand. So much so that many homebuyers taking advantage of record-low rates were simply priced out of the bidding war. In some cases, individuals and families chose to rent instead of buy due to a lack of affordable inventory. However, with 2022 […]
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, […]
15
Nov
Nov
Laws at the federal, state, and local levels govern landlords and all aspects of the rental industry. That said, the goal of these regulations is to ensure tenants have a safe and habitable rental home. For landlords, navigating inspections and rental compliance requirements is a vital yet daunting process. Additionally, each jurisdiction may have different […]
12
Nov
Nov
The rental application and subsequent tenant screening questions are a landlord’s first defense against troublesome tenants. That said, many landlords do not know what they can or what they should ask to secure the best occupant. After all, landlords must be mindful not to violate any Fair Housing Laws with their screening criteria. So, join […]
10
Nov
Nov
Owning rental property can be a lucrative investment, but only if managed effectively. As the rental industry grows, more investors are looking to this sector for passive income opportunities. However, with reward comes a certain amount of risk. While valuable tips for new landlords are everywhere, a crucial part of success is understanding what not […]
29
Oct
Oct
Northern Virginia has a lot to offer residents, from its rolling countryside to pristine suburbs in close proximity to the nation’s capital. This versatile location draws a variety of renters including young professionals, government contractors, families, and students. So, with an influx of people flocking to the area and a rebounding housing market – Northern […]