Purchasing an investment property is a big decision, and you want to be sure you’re making the right one. While all investments come with some risk, you can help maximize the profitability and value of your real estate investment by looking for the right qualities in a DC property. So what features and amenities should […]
Most tenants expect that their rent will increase when renting. Annual increases help property owners cover rising expenses, such as property taxes and utilities, not to mention maintenance costs. However, when considering a rent increase, it’s imperative to do it properly. Not only do states and jurisdictions have laws around rent increases, but you don’t […]
Purchasing an investment property is an exciting time. Owning real estate can provide you with a source of passive income and diversify your assets. However, many property owners lack the time, skill, and availability to manage an income property—or multiple properties—themselves. Working with a property manager has many benefits, but is it the right choice […]
It’s rarely a simple decision to sell an investment property. Making this decision is as much about your personal circumstances as it is the current real estate market. Currently, vacancy rates for rental properties are at an all-time low, while home prices continue to stay high post-pandemic. The demand for rentals has increased, but so […]
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 […]
