Thorough tenant screening of all prospective tenants is critical to the success of your rental property business. If you place the wrong tenant in your property, you could face enormous financial loss, damage, and even the collapse of your rental property business altogether. Today, we’re reviewing six red flags to look for in the tenant […]
Tag Archives: tips for maryland landlords
16
Oct
Oct
As a rental property owner, you must establish a strong relationship with your tenants. There are many benefits to this, including your tenant staying a long period of time, thus saving you the time and energy of having to look for a new tenant regularly. However, there is a fine line between having a strong […]
05
Sep
Sep
Finding yourself in a dispute with your tenant can be stressful. Even if you have a high-quality Washington DC property management company by your side, litigating in court should be avoided if possible. So, how can you resolve conflict between you and a tenant? There are plenty of reasons to settle a rental home dispute […]
26
Aug
Aug
There is no way to avoid the fact that mold spores are floating around your rental property at any given moment. It’s natural for mold spores, among many other contaminants, to be present in the air we breathe. However, when humid weather hits, and the climate dampens, these mold spores tend to flourish if not […]
08
Feb
Feb
You may feel that investing in energy efficiency for your rental properties is not the best use of time and money. After all, you are not the one living in the property and, therefore, will not reap any of the benefits. However, you couldn’t be more wrong. Today, we’ll go over nine ways to increase […]
27
Jan
Jan
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 […]
29
Mar
Mar
In a competitive rental market, every lead is vital. After all, a high tenant turnover rate can wreak havoc on your annual profit, which is why placing tenants efficiently is so important. However, not every prospective applicant that wants to see your rental property will meet the qualifications. That said, placing a bad tenant causes even more […]
02
Jun
Jun
Sadly, confrontation is occasionally a given part of being a landlord. Furthermore, understanding how to deal with confrontation professionally and effectively does not always come naturally to rental owners. In fact, dealing with confrontation is something most people try to avoid at all costs. However, if you do not already employ the area’s best property […]
28
Apr
Apr
Virtual home tours are a popular way to showcase a rental property. However, the COVID-19 pandemic made virtual touring a necessary ingredient to success. Using these models allows the viewer free reign to explore the property from the comfort and safety of their own home. Essentially, this creates a 24/7 open house! That said, Matterport […]
22
Dec
Dec
Choosing a bank that has the right services for your rental property business needs involves careful consideration. After all, you do not want to entrust your money to a bank led by someone such as William R. Beamon. Beamon swindled more than $20,000 in rent payments and security deposits from unknowing tenants. To top it all […]