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Tag Archives: risk management tips for landlords

Top 10 Landlord Mistakes for New Rental Investors to Avoid

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 […]

Handling a Tenant Death & A Deceased Tenants Belongings

deceased tenant belongings

Dealing with death is tough in any aspect, especially when it affects your business. If a tenant passes away unexpectedly while living in your rental property, it can be a confusing process to navigate. For example, you may not know what to do with a deceased tenant’s belongings, how to end the lease agreement, and […]

Landlord Tips for Navigating Housing Vouchers Qualifications

navigating-housing-voucher-qualifications

The Housing Choice Voucher Program provides reasonable accommodation to low-income families and individuals. However, many landlords aren’t very familiar with accepting housing choice voucher qualifications. So, if you are wondering about the requirements and qualifications for low-income housing in Northern VA, keep reading.  What is the Housing Choice Voucher Program? The Housing Choice Voucher Program, […]

How to Terminate a Lease Agreement: A Landlord’s Guide

How to Terminate a Lease Agreement A Landlord’s Guide

Handling lease agreements is one of the most important aspects of any rental business. Without a solid lease agreement, property owners can get damages beyond their budget. In addition, lease agreements are helpful to determine the rights and responsibilities of both the tenant and landlord. That said, sometimes circumstances pop up, and a lease may […]

How to Navigate Inspections and Rental Compliance Requirements

How to Navigate Inspections and Rental Compliance Requirements

Laws at the federal, state, and local levels govern landlords and all aspects of the rental industry. That said, the goal of these regulations is to ensure tenants have a safe and habitable rental home. For landlords, navigating inspections and rental compliance requirements is a vital yet daunting process. Additionally, each jurisdiction may have different […]

7 Steps to Winterize Your Rental Property Before the Cold Weather Hits

7 Steps to Winterize Your Rental Property Before the Cold Weather Hits

The temperature is falling, and the ice and snow of winter are right around the corner. But, is your rental property ready? Cold weather can wreak havoc on a home causing frozen pipes, HVAC breakdowns, and other unexpected repairs. Thankfully, when landlords and tenants work together to prepare the rental for cold weather, many of […]

Staying Up to Date on Pennsylvania and Federal Fair Housing Laws

Staying Up to Date on Pennsylvania and Federal Fair Housing Laws

While it should go without saying that no individual or family should become a victim of housing discrimination – it can and does happen. As a landlord, housing discrimination claims can have devastating legal and financial consequences. Therefore, understanding the origins and rules of the Fair Housing Act is necessary. These federal fair housing laws […]

What Should a Landlord Do with Abandoned Tenant Property?

What Should a Landlord Do with Abandoned Tenant Property?

Whether a tenant moves of their own accord or faced legal eviction, sometimes possessions remain in the home. When this occurs, landlords face a dilemma – what to do with abandoned tenant property? In many cases, tenants simply leave behind trash that landlords are free to dispose of. However, personal items or other property is […]

How to Turn Off Your Water to Prevent Water Damage in Your Rental

How to Turn Off Your Water to Prevent Water Damage in Your Rental

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 […]

Rental Property Compliance and Responsibilities for Virginia Landlords

Rental Property Compliance and Responsibilities for Virginia Landlords

Part of being a successful landlord is adhering to regulations and all federal, state, and local laws. This can be a complex and confusing task for even the most seasoned investors. However, failing to comply means facing potential fines, loss of license, or expensive litigation. Continue reading below as we highlight the rental property compliance […]