Landlords need to prioritize risk management, which simply means predicting future risks to your financial well-being and working to minimize or completely eliminate them. Fact: Landlord risk management applies not only to Howard County landlords but to landlords all over Maryland and the rest of the United States. If you don’t run your rental property […]
Tag Archives: how to reduce risks of rental properties
31
Aug
Aug
Viewing rental properties is a crucial step in the moving process. After all, you wouldn’t buy a car without test-driving it first, right? Well, the same goes for rental properties. While you may get a good idea of what the property is like from the description and listing photos, it’s still crucial to schedule an […]
11
Oct
Oct
Preventing Pest Problems in Rental Properties No landlord wants to deal with pest problems in their rental homes. However, preventing infestations and managing pest control are major parts of a landlord’s job. Pest problems that go ignored can worsen and create more extensive issues, including health complications. As a landlord, it’s essential to set clear […]
23
Aug
Aug
No one wants to hear the words “pest infestation.” This is a health hazard, but pests can also damage the rental property and cost hundreds to eradicate. So, as soon as you notice any pest or vermin, it must be dealt with as quickly as possible. That said, getting rid of unwanted pests is only […]
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 […]
06
Jul
Jul
Water issues in a rental property are more than just an inconvenience. In fact, water can lead to extensive damage, mold growth, health hazards, and expensive repairs if not immediately addressed. That said, when a pipe burst and water is pouring into your home, it is easy to become overwhelmed. So, knowing how to find […]
17
Jun
Jun
As a landlord, your rental property will go through many different types of inspections – all of which play an important role. In the rental industry, the longer a unit sits vacant, the more money the owner loses. Therefore, making sure your rental is ready for marketing and an efficient lease process is key to […]
06
May
May
It may come as a surprise to investors but owning and managing vacation rentals is not the same as traditional real estate. That said, the rapidly expanding short-term rental industry continues to provide opportunities for new and seasoned investors alike. However, to be successful, a keen eye for the right location is vital. Additionally, owning […]
16
Dec
Dec
Economic uncertainty affects everyone across every industry, including rental investments. Whether it’s the COVID-19 pandemic or just a financial downturn, landlords and tenants alike look for ways to make ends meet when uncertainty hits. So, part of responsible business is planning for emergencies and unexpected circumstances that may arise. Below we take a look at […]
24
Sep
Sep
When your tenant requests an early lease termination, you find yourself in a precarious situation. Most tenants who sign a lease intend to stay for the full term. However, sometimes life happens, and early terminations occur. As with any written contract, breaching the terms within the lease does not come without consequences. That said, […]