When it comes to the appliances you provide your tenants, you’ve probably included the basics like a dishwasher, refrigerator, microwave, and washer and dryer. And if you want to maintain an edge on the competition, chances are you are offering top-of-the-line appliances that are environmentally friendly, modern, and potentially expensive. That said, it is extremely […]
Tag Archives: how to be a successful landlord
05
Mar
Mar
Water and energy conservation are at the forefront of many peoples’ minds. As the cost of energy continues to rise, major droughts are also becoming a real threat in regions all across the country. Thus, as the number of people wanting to become environmentally friendly with their daily activities increases, it is important as a rental property […]
27
Feb
Feb
Did you know that the country’s rent index increased at an annualized rate of 3.6% in 2017? At the time, that was a significant increase compared to previous years. However, since then, we’ve seen even larger increases. From 2021 to 2022, we saw average rents increase by 14.07%, one of the largest increases since 2017. […]
11
Jan
Jan
Addressing tenant maintenance concerns in a timely manner is often more important to your tenants than anything else you or your property management company can do. In fact, it can be more critical than reasonable rental rates, amenities, or move-in incentives like cash or discounts. As such, it’s important to keep your tenants happy by providing […]
30
Oct
Oct
Would you ever consider leasing your Philadelphia rental property to a tenant you have never met? Most property owners would immediately say “no.” After all, meeting a prospective tenant in person leaves a valuable impression on you and ultimately helps determine whether they are a good fit for your property. But is there really a […]
23
Jun
Jun
The average rental rates continue to rise nationwide, and the percentage of people living with someone other than their spouse or partner also continues to increase. As such, it is important for property owners to understand what it means to lease their rental property to roommates. Today, we will discuss five crucial things landlords should […]
22
May
May
If you own a rental property in Philly, you might know that over a quarter of your state’s population is comprised of millennials. As such, marketing your vacant rental properties specifically to millennials should be a priority. Today, we’ll go over why you should market your Philly rental to millennials and how to highlight your rental’s best features. […]
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 […]
14
Oct
Oct
Finding and keeping good tenants is a crucial part of owning rental properties. However, they don’t always come easy. Additionally, it may take some effort from you and your property management team to keep them. Read along as we go over some tenant retention ideas and how to maintain good tenants in your rental properties. […]
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 […]