Real estate markets across the country, including Washington DC, have seen drastic changes throughout the COVID pandemic. As housing prices soared out of reach, individuals turned to the rental market to fill the gap. As a result, some areas saw significant vacancy spikes after financially impacted renters fled the cities. However, Washington DC continues to […]
Category Archives: Tips for New Landlords
21
Oct
Oct
Tobacco, e-cigarettes, and now, recreational and medical marijuana are all things landlords need to address when adopting rental smoking policies in their investment properties. While keeping tenants happy is a priority, so is the health and well-being of other tenants as well as the property itself. That said, smokers are not protected under the Fair […]
18
Oct
Oct
Nowadays, most tenants and landlords have heard of renters insurance, but how many understand why it is vital to the industry? Renters insurance is easy to get, cost-effective, and integral to protecting a tenant’s personal property as well as against certain types of liability. More and more, landlords realize the benefits to both sides and […]
15
Oct
Oct
Without a doubt, 2020 and 2021 have been a struggle for many landlords. The COVID pandemic caused disruptions in rent payments and evictions for non-paying tenants. Even though the government did step in to try and provide rent relief, many landlords are still left holding the bill, owed thousands in back rent. The pandemic […]
Owning a Rental Property in Virginia, Property Management in Leesburg, Property Management in Loudoun County, Property Management in Northern Virginia, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords, Tips for Property Managers, VA
7 Steps to Winterize Your Rental Property Before the Cold Weather Hits
14
Oct
Oct
The temperature is falling, and the ice and snow of winter are right around the corner. But, is your rental property ready? Cold weather can wreak havoc on a home causing frozen pipes, HVAC breakdowns, and other unexpected repairs. Thankfully, when landlords and tenants work together to prepare the rental for cold weather, many of […]
13
Oct
Oct
While it should go without saying that no individual or family should become a victim of housing discrimination – it can and does happen. As a landlord, housing discrimination claims can have devastating legal and financial consequences. Therefore, understanding the origins and rules of the Fair Housing Act is necessary. These federal fair housing laws […]
11
Oct
Oct
The thought of accepting a tenant with a Housing Choice Voucher may intimidate some landlords who are unfamiliar with the process or guidelines. As with any decision, landlords have, there are downsides. However, as affordable housing continues to be harder and harder to find, property owners may find several advantages to participating in the program. […]
09
Oct
Oct
The vacation rental industry has grown over the past few years, with an increasing number of homeowners and investors getting into property management. It’s proved to be a popular way to generate an income. The lure of earning extra cash is certainly appealing, but as a vacation rental manager, you’re not going to have it […]
06
Oct
Oct
The COVID pandemic has changed many things in the rental industry. However, landlords must have comprehensive and fair rental screening policies that remain consistent. That said, many renters had their income interrupted or even faced eviction due to the pandemic. So, how should future landlords view these circumstances? The trouble is, without thorough screening, landlords […]
04
Oct
Oct
For already cash-strapped tenants, paying thousands of dollars in an upfront security deposit becomes a barrier to necessary housing. According to Paraag Sarva, CEO, and co-founder of Rhino, residential security deposits total $40 billion in just the U.S. market. But is there any alternative when a security deposit is vital to protecting the landlord and […]