Owning rental property in Philadelphia comes with a lot of responsibility. Aside from the administrative side of being in the rental property business – tenant screening, lease drafting, and rent collection – there is a definite hands-on side to leasing an investment property as well. Whether you self-manage your rentals, or employ Philadelphia’s best property […]
Tag Archives: how to be a successful landlord
27
Sep
Sep
Are you thinking about hiring a Maryland property management company to help you care for your Potomac investment properties? Many property owners quickly find out that self-managing their rental properties entails a lot more work than they originally anticipated. This is especially true for those looking to grow their rental property business, expand their portfolio […]
14
Sep
Sep
With the growing rental market, property owners all over the country find that families are stepping away from buying property, and are looking to rent instead. In fact, according to the New York Times, every year since 2004, 770,000 new rental houses have come onto the rental market. While not every one of those rental […]
05
Sep
Sep
Minimizing the time your Harford County rental property sits vacant between tenants is the goal of any successful landlord. That’s why, once you find out your current tenant will not be signing a lease renewal, it is a good idea to start the search for a new tenant right away. But what should you do […]
01
Sep
Sep
Vacancies present quite a challenge to property owners. They dip into whatever positive cash flow you have accrued for the year, require extra time thanks to new tenant placement, and can be just plain frustrating. In the past, we have discussed plenty of ways to reduce your vacancy rates, as well as how to improve […]
28
Aug
Aug
Failing to retain your Baltimore County tenants means you have a vacancy on your hands. With a vacancy, you are no longer collecting a consistent rent payment each month, you probably need to make repairs such as paint the walls or replace the carpet, and of course, you’ll need to perform a deep clean. That’s […]
22
Aug
Aug
You have been stewing over whether you should add another Montgomery County rental property to your growing portfolio. And, like all successful landlords, you have done your due diligence and researched all the right things – market trends, going rental rates, amenities, financing options, as well as nearby shopping, dining, and entertainment venues. There’s just […]
21
Aug
Aug
We all know how important it is to interview tenant references when deciding whether to lease to a prospective tenant. In the past, we have discussed how to do just that, as well as provided some tips for how to double check, and ensure a potential tenant’s references are even real. But have you put […]
18
Aug
Aug
Making your rental property eco-friendly is all the rage these days. Not only does it reduce your tenant’s cost of living, but it also reduces your property’s carbon footprint (e.g. the greenhouse emissions that are tied to global warming). Did you know that, according to NASA, there is a 95% probability that the reason our […]
16
Aug
Aug
The more experience you have as a Philadelphia landlord, the more you will realize there are all kinds of different tenants out there. And, in order to be a successful landlord, it is important that you tune into these different types so you can learn how to recognize red flags early on, how to keep […]