Whether saving for college, retirement, or just some rainy day spending money, many individuals are looking for ways to build an investment portfolio. Investing provides several opportunities to make money and potentially build long-term wealth. However, if you’re looking to invest in rental properties, there are several factors to consider if you want your business […]
Tag Archives: common landlord mistakes to avoid
27
Jan
Jan
Discovering that an unauthorized person is living in your rental property is a very stressful situation. As a landlord, it is your duty to protect the property and ensure that only authorized and vetted individuals live in the unit. Unfortunately, despite having a rock-solid lease agreement, there may be times when a tenant’s guest(s) overstay […]
06
Oct
Oct
Rental agreements are legally binding contractual “agreements” between two parties, the landlord and tenant. That said, landlords should be aware that while many laws are protecting the rights of property owners, tenants also have rights. These tenant rights protect renters against overbearing or illegal landlord actions. Therefore, understanding the reasons tenants sue landlords and how […]
Buying Rental Properties, Owning a Rental Property in Virginia, Property Management, Property Management in Northern Virginia, Property Management in Richmond, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
Top 10 Landlord Mistakes for New Rental Investors to Avoid
24
May
May
Some people may assume that being a landlord is a simple job. However, a lot more goes into the position than you may think. That said, when investors first begin their career as landlords, they’re bound to make at least a few minor mistakes. After all, nobody is perfect. But still, the goal is to […]
05
Apr
Apr
When you are renting an apartment, so many things can contribute to a bad overall experience. A big one is poor or mismanagement. This can be in the form of landlord negligence or a bad property management company, but both add stress to the rental relationship. Below we will take a look at tips for […]
29
Mar
Mar
In a competitive rental market, every lead is vital. After all, a high tenant turnover rate can wreak havoc on your annual profit, which is why placing tenants efficiently is so important. However, not every prospective applicant that wants to see your rental property will meet the qualifications. That said, placing a bad tenant causes even more […]
18
Feb
Feb
The landlord-tenant relationship can, at times, be a trying one. That said, in many cases, these issues are easily resolved with professional communication and a little understanding. However, when situations escalate, property owners may find themselves accused of landlord harassment. Also, a dreaded landlord harassment lawsuit can deplete profits, not to mention valuable time. So, […]
02
Dec
Dec
When renting an apartment or home, many things require you to work with your landlord—for example, paying rent each month, submitting maintenance requests, and taking care of emergency issues that arise within your rental. Unfortunately, if you are dealing with a bad landlord, it can make these things extremely difficult to do. That said, if […]
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 […]
27
Jul
Jul
Occasionally, landlords will come across applicants that seem great on paper but do not quite meet the income or credit requirements. When this occurs, landlords have two options, deny them and lose a potentially good tenant or allow the applicant to have a cosigner. That said, not every rental owner is familiar with the practice […]