Choosing a property management company for your rental property means selecting a partner to assist with your investment. As such, picking the right property manager is crucial to your income property’s success. The right property manager can help your investment run smoothly by maintaining tenant relationships, minimizing vacancies, and being proactive about maintenance. A good […]
Keeping your income property safe is important for more than just your tenants. Preventing disasters such as fires can protect your rental home from damage and ensure your investment continues to run smoothly. Fires are more common than many landlords realize. Even a small fire can result in significant property damage, while larger fires can […]
Buying a property in a community with a homeowner’s association (HOA) can be challenging for those looking to purchase an income property. These associations have specific rules and regulations, so it’s important to review them before purchasing a property there to understand what limitations you will need to abide by. As the amount of investors […]
A significant part of managing a rental property is managing the funds you need for maintenance and repairs. Even the newest, best-kept properties still require maintenance, especially when you have renters coming and going. For planning purposes, how much should you budget for rental property maintenance? While there’s no set amount to keep on hand, […]
Even if you don’t have a mortgage on your income property, it’s still important to have insurance as a landlord. Landlords need a specific type of property insurance geared towards rentals, which can help protect the property against damage, natural disasters, and potentially even the loss of rental income. Insurance for landlords is essentially property […]
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 […]
