The lease is a crucial component of your income property. As a legally binding contract, the lease doesn’t just detail how much rent your tenants will pay and when it’s due. It essentially outlines the terms of your relationships with your tenants. As such, it should include the responsibilities of each party, the length of […]
Vacancies in your rental property can quickly tank your profits. Ideally, you would always have your income property rented, but the fact is that vacancies often happen between renters. Whether you are trying to fill an unexpected vacancy or are advertising a new income property, here are five tips to help you rent your property […]
As a landlord in Maryland, you want to do everything you can to protect both you and your renters and reduce your liability. However, accidents do happen. In events where the renter’s personal items have been damaged, they need to have a renters insurance policy. Renters insurance is an affordable way for renters to protect […]
Property owners may have the option to get a home warranty when purchasing their income property. Home warranties allow the homeowner to have certain systems or appliances repaired or replaced when they break for a discounted price. Home warranties may make sense for traditional homeowners, but do they make sense for rental properties? With the […]
Cold weather brings its own unique set of challenges for landlords and tenants. Tenants can experience hazards such as icy walkways, ice dams on roofs, and bitterly cold temperatures. As a landlord in DC, it’s essential to ensure both you and your tenants are prepared for the winter weather when it comes to your rental […]
Although each property management firm can structure its fees differently, you need to know what is included in the cost. Some landlords define property management and maintenance as the same thing, but not every management company thinks this way. In fact, property managers may consider the day-to-day management tasks as entirely separate from actual property […]
A growing number of renters have pets, so allowing pets at your income property as a landlord can help increase your potential pool of tenants. Allowing pets certainly has its pros and cons. However, there are a few things you can do to protect yourself and your property when permitting pets at your rental. These […]
As a landlord, your lease agreement with your renters is legally binding. That is, if you have a lease that’s legal according to your state and local laws and is specific to your property. Purchasing a standard lease and filling it out doesn’t always protect you and your tenants throughout the lease term. Your lease […]
If your previous tenants took good care of your income property, you may not think it’s necessary to have the unit professionally cleaned before renting to new tenants. However, even if the property looks fine, having the space professionally cleaned is important for a few reasons. What exactly is a professional cleaning, and why does […]
Every landlord wants their rental property to be as efficient as possible. From maintenance routines to energy efficiency, cutting costs and reducing your effort as a landlord can help make a more profitable—and stress-free—investment. Making changes toward better energy efficiency for your rental property doesn’t have to be expensive or overwhelming. Simple changes can often […]
