Ever heard the terms ‘lessee’ and ‘lessor’ and wondered what they actually mean? They both come from leasing; a lease agreement where one person lets another use their property in exchange for payment. For instance, if a landlord rents out an apartment, they’re a lessor making a rental agreement with a tenant (lessee). Let’s break […]
Tag Archives: tips for new landlords
01
Jan
Jan
One of the most critical aspects of being a landlord is finding reliable tenants. After all, a good tenant pays rent on time, keeps your property in prime shape, and helps you avoid frequent vacancies. But when it comes to how to find tenants, where do you start? It’s not always obvious at first glance. You […]
31
Dec
Dec
Considering renting out your house? There are many reasons you could be here. They may want to earn extra income, pay off debt, or use it as an alternative to selling during a housing slump. This can be a great idea, but it can also cause more trouble than expected if you don’t make the […]
12
Dec
Dec
Managing multi-family rentals is a huge task. Juggling tenant relations, maintenance, and financial obligations can quickly become overwhelming as responsibilities pile up. So, how can you manage these rental properties like a well-oiled machine? This article shares practical property management tips to help you streamline operations and boost efficiency. Contents of This Article Top Challenges […]
09
Aug
Aug
TikTok has become a popular platform for content creators from various backgrounds, including real estate. Additionally, it’s become a place for new or up-and-coming landlords to gain popularity and talk about their experiences. However, these “TikTok landlords” are starting to get some hate from individuals who don’t understand or align with their business strategies. But, […]
Buying Rental Properties, Owning a Rental Property in Pennsylvania, Property Management, Property Management in Pennsylvania, Property Management in Philadelphia, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
10 Tax Deductions That Landlords Miss: A Guide for New Investors
02
Jan
Jan
Tax time is a particularly stressful time for most people, especially rental investors. After all, landlords need to determine what they can write off without making mistakes on their legal tax documents. Unfortunately, deductions sometimes get missed, excluding some significant tax benefits. To avoid missing out on tax benefits, read along as we go over […]
Buying Rental Properties, Owning a Rental Property in Virginia, Property Management, Property Management in Northern Virginia, Property Management in Richmond, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords
Top 10 Landlord Mistakes for New Rental Investors to Avoid
24
May
May
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 […]
23
Jun
Jun
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 […]
11
Aug
Aug
Becoming a new landlord can seem like a daunting task, and indeed it is. To be successful, you need patience, planning, and impeccable attention to detail. But how else can you ensure a profitable investment experience? We have compiled some of the top tips from rental property management experts below to help get you […]
05
Aug
Aug
Owning and managing rental properties can be a rewarding and profitable investment. However, before taking the leap, there are many things to consider. Carefully weighing the risks with the benefits will propel you to rental investment success. Unsure how to choose a profitable rental property? Check out these considerations below before buying rental property. […]
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