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 […]
Tag Archives: tips for investors
Buying Rental Properties, Owning a Rental Property in Virginia, Property Management, Property Management in Manassas, Property Management in Northern Virginia, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
Top 10 Tax Write-Offs for Real Estate Investors and Landlords
03
Jan
Jan
As we approach the end of the year, rental investors must prepare for tax season. For many, taxes are stressful and can be hard to navigate without professional help. While there are a ton of tax write-offs for real estate investors, property owners must file taxes correctly to make it as beneficial as possible. That […]
16
Dec
Dec
A Property Investor’s Guide to End of Year Tax Planning The endless amount of tasks associated with end-of-year tax planning can be challenging for rental investors. Therefore, we recommend hiring a property management company to assist with tax filing. That said, whether you hire a professional company or file your taxes yourself, you’ll want to […]
15
Dec
Dec
For rental property owners, maximizing your investment is the goal. Sometimes, this involves remodeling, upgrades, or even home additions. For example, one common question investors have – “is it worth it to add a finished basement to a rental?” While this is one upgrade with excellent ROI potential, the cost can sometimes be out of […]
08
Dec
Dec
When you are a rental property owner, it’s essential to keep updated with your tax responsibilities. Real estate investors are expected to report their total rental revenue on their tax returns at the end of each year. During this time, investors must declare all payments they receive from tenants as rental revenue. From there, property […]
06
Dec
Dec
Whether you are looking to purchase your lifelong home or buy property to rent, the first step is to learn about the investment process. Investing in real estate requires a decent understanding of the market and the required capital. With that, purchasing rental properties can be a great way to generate passive income and set […]
24
Nov
Nov
Rental property owners have many compliance items to attend to before renting their home. One of which is the rental license. In most areas across the country, landlords must obtain a rental license before advertising the property to tenants. That said, the process of getting this license may vary but generally includes an application, inspection, […]
10
Nov
Nov
Owning rental property can be a lucrative investment, but only if managed effectively. As the rental industry grows, more investors are looking to this sector for passive income opportunities. However, with reward comes a certain amount of risk. While valuable tips for new landlords are everywhere, a crucial part of success is understanding what not […]
29
Oct
Oct
Northern Virginia has a lot to offer residents, from its rolling countryside to pristine suburbs in close proximity to the nation’s capital. This versatile location draws a variety of renters including young professionals, government contractors, families, and students. So, with an influx of people flocking to the area and a rebounding housing market – Northern […]
24
Sep
Sep
At one point, cookie-cutter hotels and motels were a traveler’s only option – but those days are gone. The rapidly growing short-term vacation rental industry offers travelers nearly endless possibilities. Thus, this multi-billion-dollar industry has attracted the attention of rental investors looking to cash in on this latest trend. However, owning short-term rentals includes some […]