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Tag Archives: landlord tips

How to Manage a Rental Property: Expert Guide for Landlords 

If you just secured your first rental property, congratulations! Not everyone’s up for the challenge of being a landlord, you know. Now, maybe you start to encounter the question “How can I manage my rental property effectively?”  In this guide, we’ll help you learn how to take care of your rental property in the best […]

5 Avoidable Mistakes Landlords Make with Rental Agreements

Having one universal lease agreement satisfying every type of lease term possible would be great. However, in reality, every lease is different. So, while using a universal lease form is possible, it is important to note that whether you self-manage your rental property, or enlist the help of a property management company, there are going […]

When to Consider a Rent Increase

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. […]

Should You Approve Tenants Without Meeting Them?

approve-tenants-without-meeting-them

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 […]

How to Handle an Unauthorized Person in Your Rental Property

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 […]

How Property Rezoning Can Increase the Value of Your Investment

How-Property-Rezoning-Can-Increase-the-Value-of-Your-Investment

Understanding property zoning laws is crucial for property owners. After all, zoning regulations can affect you in different ways, so it’s important to know what you can and cannot do with your property. In addition, some property owners see opportunities for property rezoning, which reclassifies the land to fall into a new zone with new […]

Investing from Afar: What Every Long-Distance Landlord Needs to Know

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Investing outside your immediate area can pose several benefits. For example, you can find up-and-coming places to purchase rental properties in. Additionally, diversifying your rental portfolio can help you identify profitable markets. However, if you want to buy rental properties from afar, you need to be a long-distance landlord. While there are several benefits, there […]

Common Eviction Mistakes Rental Landlords Must Avoid

Common Eviction Mistakes Rental Landlords Must Avoid

Evictions are an unfortunate event that is sometimes unavoidable. Understanding the legal process is the key to success when the only solution is to remove a tenant from the home. Legal evictions can be a lengthy process of notices, court appearances, and communications. To regain possession of their property as soon as possible, some landlords […]

Should You Allow a Cosigner For Your Tenant?

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 […]

Create an Occupancy Policy with Baltimore Property Management Experts

Create an Occupancy Policy with Baltimore Property Management Experts

Can a landlord limit the number of tenants in their rental? It is a question on many landlords’ minds—some worry about mitigating overcrowding, noise, utility usage, and potential wear and tear. In short, yes, there are limits to the number of occupants allowed in rental properties and it’s important to have a clear occupancy policy. […]