Your income property is an investment, but unless you’re effectively managing all your costs and netting your best rental income, it can be hard to see a significant profit. This is especially true when it comes to maintenance costs, whether emergency or routine. Handling your income property yourself can make maintenance a hassle. By hiring […]
Maintenance is one of the most important parts of having an income property in Washington, DC. But it can also be one of the most challenging. Knowing which responsibilities belong to you as a landlord and to your tenants is essential to keeping everyone happy and your property running smoothly. All maintenance responsibilities should be […]
As the demand for housing grows and the price of rental properties increases, roommates are becoming more and more common. Your tenant is likely requesting a roommate because it’s convenient for them—someone to share the bills and help take care of the apartment. As long as you’re still receiving your rental income, you may think […]
It’s smart to maximize your investment in your DC income property by making the appropriate updates or renovations. Whether you have your first income property or are between renters, now is the time to show off your unit to attract your ideal tenants. But you don’t want to dump a bunch of money into your […]
Furnished income properties in DC are a great way to make more on your investment while attracting a higher number of renters. People love the flexibility and freedom that furnished units provide, and if you’re renting to students or have short-term lease options, furnishings are a must. But furnishing your income property has its challenges. […]
Deciding whether or not to furnish your income property is a big decision. There are pros and cons to each choice, and it’s really about knowing who your ideal tenant is. Considering your location, unit size, and the rent value can help you decide if furnishing your unit will be beneficial or a waste of […]
Technology has been an immense help to those staying home as a result of the ongoing coronavirus (COVID-19) crisis. From healthcare appointments to team meetings, technology has empowered many people to stay connected and keep doing their jobs. Real estate is no different, and when you have an income property that’s on the market, COVID-19 […]
Peak rental season is upon us, yet with stay-at-home orders and other coronavirus (COVID-19) restrictions in place, showing your rental unit is more challenging than ever. While it’s not realistic to do in-person showings of your rental property at this time, you can still show your unit to potential tenants while abiding by public health […]
When looking for a new renter for your income property in DC, having a screening process in place can help you find the best person for your unit. Of course, you’ll have potential tenants fill out an application and list references. It’s your job to follow up with these references to determine if the tenant […]
Out of all your responsibilities as a landlord in Washington DC, dealing with bad tenants is arguably one of the most challenging ones. No landlord wants to have to navigate a relationship with bad tenants, whether they aren’t paying the rent, are endangering the community, or are always complaining. But what can you do about […]
