As the real estate market continues to shift, it’s not easy to decide whether to sell or rent your home. While selling your home to have money for your next purchase or investment can make sense, renting allows you to potentially build a long-term source of income and keep your property. So what are your […]
So your tenant is moving out and wants to know when they will get their security deposit back. The security deposit is typically one month’s rent; however, in Maryland, a landlord can charge as much as two months’ worth of rent for the deposit. If your tenant has paid their rent every month, abided by […]
Although landlords are responsible for repairs and some maintenance of their income properties, tenants play a significant role in day-to-day rental property care. Your lease should clearly stipulate who is responsible for what maintenance, especially tasks that have the potential to impact a tenant’s safety, such as snow removal and roofing damage. But exactly what […]
Inspecting your income property is an essential part of being a landlord. There are different types of inspections, both when the property is vacant and when you have tenants. Keeping up with these inspections can help protect your investment, improve your relationship with renters, and keep maintenance costs to a minimum. What are the different […]
There’s been a surge in rental demand since the pandemic, and it doesn’t look like it’s waning anytime soon. As home prices have skyrocketed, it’s more difficult for buyers, especially first-time homebuyers, to purchase a property. Although rental prices have increased too, rentals are more affordable for buyers who don’t have the money for a […]
Extreme weather is becoming more common, with flooding and severe storms on the rise. Even if your income property isn’t located in a flood zone or a particularly hazardous area, more buildings are vulnerable to damage from extreme weather today than before. Hurricanes, snow storms, and severe thunderstorms are just a few of the weather […]
Having strong relationships with tenants is an important part of being a landlord. After all, your tenants are your livelihood. You want to ensure your tenants feel welcome, taken care of, and content in your property. Happy tenants are also more likely to renew their lease when the time comes, saving you the time and […]
When you’ve decided to have a property manager step in and help you with some or all of the responsibilities associated with your rental property, you need to find the best DC property management company for your particular needs. The right property manager can not only help you maximize your investment but can become someone […]
Successfully running an income property requires different roles and responsibilities. If you’re a landlord managing your own income property in Washington DC, you know this to be true. You need to manage finances and taxes, coordinate repairs and maintenance, and schedule inspections and lease updates, to name a few tasks. When you’re managing more than […]
When you have an income property, you’re faced with the decision of handling maintenance yourself or hiring a property manager to handle maintenance for you. Although some property owners think they can save time and money by handling maintenance themselves, the opposite is often true. Is a property manager the right choice for your rental […]
