Understanding security deposit laws is crucial for property owners in Washington, DC. Being well-versed in these laws not only helps maintain good landlord-tenant relationships but also ensures full compliance with local regulations, thereby preventing potential legal disputes. So, what do property owners in DC need to know about security deposit laws? Here’s a comprehensive guide […]
The rental market continues to boom in Washington, DC, but that doesn’t mean there isn’t competition, especially in high-demand areas. This is where crafting a compelling ad description can significantly enhance your property’s appeal. Having an enticing ad description helps your rental property stand out from other similar properties and attract the right renters. But […]
For property owners in Washington, DC, the idea of self-managing rental properties can seem appealing. It offers complete control over your investment and the possibility of saving money on property management fees. However, beneath the surface, there are hidden costs that can turn this seemingly cost-effective strategy into an expensive and stressful undertaking. Understanding these […]
As a landlord or property manager, you’re likely familiar with the constant challenge of maintenance and repairs. While major repairs should undoubtedly fall under your responsibility, the decision to allow tenants to handle minor repairs can be a bit more complex. There are both advantages and disadvantages to letting renters handle minor repairs, and it’s […]
Like any other investment, a rental property requires ongoing attention and care to maintain its value and profitability. One of the most important tasks in property management is to regularly perform maintenance. Yet, many landlords end up deferring repairs, thinking they will save money in the short term. While this approach may seem cost-effective initially, […]
Being a landlord comes with its own set of challenges beyond just collecting rent and maintaining properties. Legal compliance and rules set by homeowners associations (HOAs) often pose significant hurdles. These regulations can have serious consequences if not adhered to properly, ranging from financial penalties to legal disputes. However, working with an experienced property manager […]
As a property owner, one of the most significant concerns is ensuring that reliable tenants occupy your rental properties. Selecting trustworthy, responsible renters can make the difference between a profitable investment and a financial burden. Unfortunately, screening potential tenants is not always straightforward, and mistakes can be expensive and stressful. This is where professional property […]
Deciding whether to hire a property manager is a crucial decision for DC property owners. On the surface, managing a rental property on your own might seem like an excellent way to save money. However, many property owners don’t realize the hidden costs and challenges that could outweigh the savings. So, is hiring a property […]
Are you a DC property owner or manager struggling to attract potential tenants? In a market where rental properties are in high demand, distinguishing your listing from the competition is crucial. A compelling and strategically marketed rental listing can be the difference between a vacant property and an occupied one. Here are some tips to […]
Whether you have a short-term vacation rental or a long-term investment property, one of the most common issues landlords face is late rent payments. Late payments aren’t just frustrating—they can impact your cash flow, mortgage payments, and overall financial stability. Handling late rent payments requires a balanced approach that protects your interests while maintaining positive […]
As summer approaches, it’s the perfect time for property owners in Washington, DC, to focus on essential maintenance tasks that will keep their properties in excellent condition. Whether you own a multi-family building or a single-family home, using a seasonal maintenance checklist can save you time, money, and effort in the long run by ensuring […]
When new tenants move into a rental property, it’s important for both landlords and tenants to have a clear record of the property’s condition. A comprehensive inspection can prevent future disputes, protect deposits, and ensure that both parties agree on the property’s state. Here, we outline essential tips for effectively recording and confirming your rental […]
When renting a property, it’s essential for both tenants and landlords to understand their respective responsibilities concerning home maintenance. Knowing who handles what not only supports a good relationship between landlords and tenants but also ensures the property remains in good condition. So, what home maintenance items are generally the tenant’s responsibility, and which are […]
Whether you’re relocating, downsizing, or simply looking to generate additional income, transitioning your home to a rental property can be a smart move. However, it’s one that requires careful planning to ensure a smooth transition. So, what do you need to do when turning your home into a rental property? Here are the steps we […]
Entering the world of real estate investment as a landlord can be exciting, especially in a dynamic market like Washington, DC. However, as with any new venture, it’s crucial to consider a few important details. When it comes to an investment property, you’ll need to decide if you want to handle the property management tasks […]
Renting out property can be a profitable venture, especially in competitive markets. However, if your property is part of a Homeowners Association (HOA), there are rules and limitations that could impact your ability to rent. HOAs impose guidelines and restrictions on property owners to maintain a certain standard of living and appearance in communities. While […]
Landlords often encounter situations where tenants want to add a roommate to their existing lease. This request can raise numerous considerations relating to security, lease agreements, and tenant dynamics at your income property. Properly addressing this situation is crucial for maintaining a healthy landlord-tenant relationship while protecting your property and interests. So, how should landlords […]
Keyless entry systems have become a significant part of modern rental life. For apartment building owners, these systems offer numerous advantages ranging from enhanced security to streamlined management. So, how can keyless entry transform your Maryland property and elevate the living experience for your tenants? Here are some of the biggest benefits of going keyless. […]
Maintaining a rental property goes beyond regular maintenance tasks like plumbing and electrical repairs. One of the aspects often overlooked by landlords is painting. While it may seem like a superficial concern, the frequency of painting can have profound implications on tenant satisfaction, property value, and even the longevity of the interior and exterior surfaces. […]
Tenant turnover can pose a significant challenge for landlords and property managers. Frequently turning over a property doesn’t just disrupt cash flow—it carries a variety of costs that can quickly accumulate, impacting both your bottom line and the overall health of your rental property portfolio. It’s important to understand the full impact of tenant turnover […]
As a property owner, one of the most common requests you might receive from tenants is permission to paint their living space. This seemingly simple request requires careful consideration, as it can impact both your property value and tenant satisfaction. So, should you allow tenants to paint your rental property? Let’s explore the advantages and […]
As a property owner, enhancing property value while minimizing ongoing maintenance expenses can significantly impact your return on investment. Strategic upgrades not only attract quality tenants but also create a more sustainable and efficient rental property. So, what upgrades can you make to your Maryland rental property that can benefit both your property value and […]
Thorough move-out inspections are crucial for protecting your investment as a landlord in DC. However, even experienced landlords can overlook important details during this critical process. Whether you have a multi-unit apartment building or a single-family home, there are numerous items to check during the move-out inspection to identify any damage and ensure fair security […]
With fall in full swing, it’s essential for landlords and property managers to prepare their rental properties for the upcoming seasonal changes. Proper maintenance during this time can not only enhance the comfort and safety of your tenants but also protect your investment over the long term. Here are some essential tips for effective DC […]
As the rental market becomes more competitive, keeping your property relevant with modern features is crucial to attracting and retaining tenants. Certain amenities can make it easier to market your property and maximize occupancy rates, ensuring a steady income stream. But what amenities are the best choice for your Maryland rental property? Keep reading to […]
Diplomats and military professionals face unique challenges when stationed away from their homes for long periods. Leaving behind your DC residence can be stressful, with worries about property maintenance and security, especially if you plan on renting out your property to tenants. A DC property management company can help protect your home and provide peace […]
Managing and transferring utility accounts as a landlord can be challenging. Having an established process to ensure utility services are effectively managed and transferred benefits you as a landlord and creates less hassle for tenants when moving in and out. Keep reading to learn some essential tips for DC landlords to streamline the process of […]
Having an energy-efficient home isn’t just a luxury—it’s a necessity today as energy prices continue to rise and tenants prioritize eco-friendly spaces. Renters are looking for properties that allow them to have lower utility bills and protect their health with green and energy-efficient features. As a landlord, investing in green upgrades for your rental property […]
Whether you’ve just purchased your first investment property that needs renovations or have been a landlord for a long time, updating your property is essential. Renovating your rental can attract more tenants, increase value, and even enhance safety and efficiency. However, it’s important to know when and how to renovate your property for the best […]
In condominium and co-op living, effective management is crucial for maintaining a harmonious community and protecting property values. While many associations rely on volunteer board members to handle day-to-day operations, there’s a growing trend toward outsourcing these responsibilities to professional management companies. Outsourcing your condo or co-op association’s bookkeeping offers numerous benefits that can improve […]
As a landlord, ensuring that your property remains in good condition is paramount, especially when managing tenants with pets. A pet inspection is crucial to identify any potential damage caused by furry roommates. When your tenant moves out, an inspection will help you check for any pet-related damage that could require keeping part or all […]
When renting a property, both tenants and landlords have certain rights and responsibilities. One of the most important aspects of this relationship is the security deposit, which acts as a form of financial protection for landlords. If the property is in good condition, tenants expect to receive this amount back when they move out. However, […]
Finding ways to reduce utility costs at your investment property isn’t just a wise financial decision. It can also help reduce your carbon footprint and offset the costs of rising energy prices. But is it possible to reduce utility costs at your rental property? Here are some effective strategies to help you lower those energy […]
Hiring a property management company can be a smart move, as it reduces the stress and time-consuming responsibilities of managing your investment property. However, not all property management companies are created equal, and there may come a time when you need to decide to make a change. What are the signs that it may be […]
When looking to invest in a rental property, it’s essential to consider all factors that may affect your ability to generate income. If your potential property is located in a community with a Homeowners Association (HOA) or condo association, you could run into problems. In recent years, HOAs have adopted measures that make it more […]
As a landlord, one of the most important considerations in managing your rental property is setting the right rental price. While competitive rates are crucial for attracting and retaining tenants, it’s also essential to ensure that you are maximizing your profits. So, when is the right time to consider raising the rent? Here, we explore […]
Keeping your rental property in excellent shape is important not just for tenant satisfaction but to protect your investment. However, when you consistently have renters in your property, it’s normal for the home to experience wear and tear over time. Normal wear and tear are different from damage, and the two should be treated differently […]
As utility costs continue to rise, property owners are looking for ways to reduce these expenses. By better controlling utility expenses, landlords can pass along cost savings to their renters, increasing tenant satisfaction and decreasing vacancies. But how can you reduce utility costs at your rental property? Whether you want to lower water, electricity, or […]
Creating an eye-catching rental property listing is crucial to attracting tenants and filling vacancies quickly. Your listing helps renters understand the property’s features, amenities, and terms, allowing them to make an informed decision when applying. It can also mean the difference between potential tenants choosing your property and someone else’s. How can you create the […]
Maximizing the return on investment for rental properties involves strategic upgrades over time. While certain improvements can significantly enhance the property’s value and appeal to potential tenants, not all upgrades are equally beneficial. It’s essential to consider which improvements are worth the cost and effort when it comes to your investment property. Here are a […]
As a landlord, one of the most critical aspects of screening potential tenants is verifying their ability to pay rent. Income verification is a crucial step in the rental application process to ensure tenants have the financial means to meet their rental obligations. However, determining acceptable ways to prove income can sometimes be challenging. Understanding […]
Real estate investment has long been considered an attractive option for building wealth and generating passive income. Choosing the right type of property is essential for those exploring real estate investment. There are a few different options, including single-family homes, townhomes, condos, and multi-unit buildings. Each property type has its advantages, risks, and considerations. Understanding […]
Maintaining your rental property as a landlord is essential to ensure the comfort and safety of tenants while also protecting your investment. While repairs are sometimes unavoidable, there are proactive steps you can take to prevent costly damage and minimize the need for extensive repairs. By proactively maintaining key components of your investment property, you […]
Determining the optimal rent for your residential property is crucial for attracting and retaining tenants and ensuring a steady income stream. In a market as dynamic as Washington, DC, where rents can vary significantly between neighborhoods, it’s important to consider your specific property, amenities, and the current market to set a competitive rent price. Here […]
Marketing your rental property is crucial for attracting potential tenants, maximizing occupancy, and getting the best rental price. However, many landlords often make common mistakes that can make their marketing efforts less effective. By being aware of these pitfalls and taking proactive steps to avoid them, you can enhance your property marketing strategy and achieve […]
As a landlord, attracting reliable, long-term tenants is vital for maintaining a stable rental income and minimizing vacancies. Long-term tenants not only provide a steady stream of revenue but also contribute to a strong and harmonious rental community. But how can you attract long-term, stable tenants for your Maryland income property? Here, we discuss some […]
In the world of real estate investment, a key factor for long-term success is having tenants who stay for an extended period. High tenant turnover can quickly drain your resources and impact the profitability of your rental property, not to mention its reputation. Fortunately, there are ways to improve tenant retention and minimize turnover. Let’s […]
Finding the right tenants for your rental property is crucial for maintaining a successful investment and having a positive landlord-tenant relationship. As a landlord, it’s essential to thoroughly evaluate tenant applications to identify any potential red flags that could indicate future problems. But what exactly are the red flags you should be looking for? Let’s […]
As a landlord in DC, you may encounter situations where an existing tenant requests to bring in a roommate. This decision can have both advantages and disadvantages for you as the property owner. As such, before granting permission, it’s essential to weigh the pros and cons to ensure it aligns with your rental property policies […]
When finding the right tenants for rental properties, landlords have an important task—conducting thorough tenant screening. Proper screening helps landlords select reliable, responsible, and financially stable tenants who are likely to fulfill their lease obligations. However, it’s essential to consider how in-depth you should go as a DC landlord when screening prospective tenants. Let’s review […]
When it comes to renting out a property, landlords have the option to offer either a long-term lease or a short-term, month-to-month rental agreement. A long-term lease is generally considered a year or longer, while a short-term lease can be month-to-month or up to six months, although the exact time can vary depending on the […]
In today’s evolving work landscape, many professionals are embracing the freedom and flexibility of working from home. As a landlord, attracting work-from-home (WFH) tenants can be advantageous, as many renters are looking for properties that have an office or desk space. You can attract more potential candidates for your income property by appealing to these […]
When it comes to renting out your property, first impressions matter. Sure, you can (and should) paint and clean your property to make a difference. But when it comes to attracting tenants and showing your rental in the best light, tenants are looking for more than a clean space and fresh paint. Making your property […]
Determining the appropriate amount of rent for your investment property as a landlord in Maryland is crucial. The rent you set can attract or deter tenants and help you create a sustainable investment as a property owner. While you want the rental rate to be fair according to the market and the condition of your […]
With the summer in full swing, it’s essential that landlords continue to care for their rental properties, especially as summer storms can damage landscaping and exteriors. But what about the tenants at your rental property—what maintenance should they be responsible for? Here are some summer property maintenance tips that landlords can share with tenants to […]
Using a property inspection checklist is a best practice for landlords to ensure the condition of their property before renters move in. A property inspection checklist serves as a document to establish a baseline condition for the property, which allows property owners to reassess the condition when tenants move out. Here’s why landlords in DC […]
When looking for a new tenant for your rental property, you may find a potential renter who seems like an excellent fit—they have plenty of income to cover the rent, their references checked out, and their credit score is good. But they’ve asked about negotiating your asking rent price. So what can you do? The […]
So, you’re looking to purchase an investment property in Washington, DC, and you need to know what to look for when searching for the perfect place. When you want to rent your investment property as quickly as possible, there are certain things you can look for that will make the property rent ready. When you’re […]
A lease is the most important document between you and your renters because it establishes the terms of their stay at your rental property. It also allows you to have essential information about your tenants, such as their contact information, to ensure a smooth lease term. However, before you even sign the lease with your […]
You want to get the most out of your investment property in Washington, DC. Part of this includes making improvements over time to maximize your rent and appreciation of your property over time. But home improvements are rarely inexpensive, so choosing ones that will translate to the most value is important. So how do you […]
Winterizing a rental property is essential to help prevent any winter-related damage. Of course, there may be unavoidable or unforeseeable damage, but preparing for the harsh weather as much as possible can keep your tenants safer and reduce expenses from repairing your income property. So what tips should you tell your renters in preparation for […]
When you have an investment property with multiple tenants, you have the option of signing a lease with each renter or signing all of the tenants under one lease. Each situation has pros and cons, but how do you know which one is right for your property? Here we take a closer look at individual […]
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 […]
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 […]
Having an investment apartment or apartment building in DC or Maryland is an excellent opportunity to generate extra income. However, maintaining your units is essential for your property value and attracting tenants, as well as keeping your current renters happy. The following are our top five investment apartment maintenance tips for landlords in Washington DC […]
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 […]
Owning a rental property can provide you with extra income and, over time, become a sustainable investment. However, while owning an income property can offer monetary benefits, being a landlord requires time and commitment. If you’re a first-time landlord in the nation’s capital, it’s natural that you’ll make a few mistakes over time as you […]
Landlords typically don’t want to hear that their tenants are terminating the lease early, unless the tenant has caused problems from the start. Whether or not your tenant leaving is welcome news, you have some decisions to make as a landlord in DC when a renter breaks the lease. If you’re an income property owner […]
Being a landlord isn’t easy. Taking care of your income property demands time and energy, and it’s often a 24/7 job. For many DC property owners, hiring a property management company helps them more effectively manage their investment while having more free time. Property managers can take over some or all of your rental property […]
There can be a lot of competition in the rental market, especially if you’re in a popular location or are marketing your unit during peak times such as spring and summer. If you want to improve your odds of attracting tenants and getting the amount of rent you’re asking for, it could be worth considering […]
As the seasons change, so do maintenance tasks for landlords. Being mindful of how the changing weather can affect your investment is crucial to proper upkeep as a property owner. Fall is an important time for property owners in Washington, DC and Maryland, because it precedes the harsh winters we often see in the area. […]
Furnishing your rental property is a big decision to make. A fully furnished unit generally has everything your tenants need to move in without much effort. You also have the option to do a partially furnished unit or an unfurnished unit for your renters. Whether you choose to furnish your rental property depends on your […]
If you have an income property and are thinking about selling it, consider working with a property manager first to revamp your investment. Even if you’re facing building violations, making your property more valuable doesn’t have to be complicated. You can keep your existing tenants happy, improve the state of your property, and create a […]
Part of being a landlord is having to manage tenant complaints and conflicts. It’s not fun, but it’s a part of having people rent your property. Whether there’s an issue due to miscommunication, an error, or a maintenance request that fell through the cracks, it’s important to minimize these conflicts and manage them appropriately when […]
Painting is one of the most cost-effective upgrades you can do to improve the value of your rental property. Not only do tenants tend to notice a new paint job, but it’ll also help cover the many minor imperfections that can have a big impact on their overall impression of the property, such as scuff […]
Good tenants aren’t easy to find, and once you do find them, keeping them can be challenging. Your renters’ lives change, and there are unavoidable reasons that they leave, whether to be closer to family, buy a house, or take a job somewhere else. However, some reasons tenants leave are things you have control over […]
If you have an income property in the nation’s capital, you know that keeping your investment running smoothly requires a lot of time and effort. Whether you manage your property completely on your own or have a maintenance person you hire when necessary, being both a landlord and a property manager isn’t something everyone wants […]
What happens when you’ve found great tenants but a couple months into their lease, they ask to paint your rental property? If you’re like many landlords, you’ve stuck to neutral colors such as white, beige, and maybe the occasional gray. Maybe your tenants aren’t keen on these colors, and want to change the walls to […]
Landlords in the D.C. area face many challenges that can cause stress. In order to reduce the anxieties that can impact your peace of mind, you want to be able to anticipate issues and know how to deal with them. Here are three common problems you may encounter and the best way to handle each […]
From changing seasons to changing administrations in the White House, there are many factors that have a swift impact on the DC rental market. So what can we expect in 2021 and beyond with the new administration in place? We’re only a couple of months in, but the market is already seeing changes. Good News […]
Offering incentives to your renters to get them to sign the lease can help you fill vacancies faster, especially when the rental market is unpredictable, or you’re struggling to fill your unit. Incentives can also be a useful way to attract tenants to your rental property and make your asking rental price seem more fair. […]
The past year has changed the DC rental market in unprecedented ways. The typically busy warmer months of the year for the rental market were initially stagnated by stay-at-home orders, while some tenants were changing rental properties based on financial hardships. The market has since predictably slowed, and yet, the demand for housing is high. […]
There are several reasons that tenants may choose to break a lease early, but only some of them are considered permissible under DC law. Provided your lease is legal, it’s enforceable by law, and your tenants should commit to living in the property and paying the agreed rent payment until the end of the lease. […]
If you have a home in Washington, DC with a basement, you might be tempted to rent it out. If you’re just using the space for storage or it’s sitting empty, why not take the opportunity to make some extra cash, right? Not so fast. Renting out your basement without going through the proper channels […]
Welcoming tenants to your rental property is an important part of starting your relationship with a positive tone. A great way to help new renters feel welcome and appreciated is by making welcome packages that you can place in the unit before they move in. A welcome package is typically a basket or a decorative […]
As rental properties continue to include more modern and convenient features, keyless entry systems are popular. They don’t require a physical key and can instead have a programmed code, which both locks and unlocks the property’s door. While some systems have a backup key or remote, others rely exclusively on codes. There’s no question that […]
Deciding whether to accept pets as a landlord can be challenging. While you’re obligated to accept service animals, you’re otherwise free to deny pets or place restrictions on the type of animals you approve. That being said, the majority of renters today have animal companions, and choosing to accept them means you can increase your […]
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 […]
Being a landlord in the nation’s capital often means dealing with leftover tenant belongings at the end of a lease or after an eviction has taken place. Whether or not a tenant has voluntarily left the property, people frequently leave behind items or trash that they don’t want to take with them when they move. […]
Deciding to work with a property management company is an easy decision, but finding a good DC property management company isn’t always that simple. The professionals you work with will determine the fee you pay, the service you receive, and how profitable your investment is over time. Working with the right property manager is essential […]
An investment property can serve you well for many years to come, but when making such a purchase, it’s essential to know what makes a particular property a great investment. While factors will vary somewhat based on the type of property—for example, a house, condo, or apartment—it’s still crucial to evaluate all aspects before making […]
When you own an income property, having a plan in place for extreme inclement weather or a disaster is essential. To protect your tenants and your property, it’s always beneficial to have a professional property manager in your corner to prepare for, navigate, and recover from events such as these. Whether it’s reviewing your emergency […]
When processing applications from potential tenants, it’s important to know certain types of background information so you can make the best choice for your new renter. You may get a good first impression of a tenant, but unfortunately, you can’t always rely on your impression to make the right decision. Doing your homework when it […]
It’s never easy to find out your tenant wants to prematurely end their lease. As a landlord, you not only count on the income from your investment property, but it’s also in your best interest to keep your unit filled, and not just for monetary reasons. A vacant unit can increase your property insurance, and […]
If you’re moving or traveling and want to transition your primary home into a rental property, there are a few key steps you need to take. Having an income property is great. Still, in order to reduce your liability and create a sustainable investment, you have to check off all the necessary steps to turn […]
The rental market in DC is always growing, make it a dynamic opportunity for landlords. However, DC is one of the most protective areas in the country when it comes to tenants. DC laws and regulations make it essential to have a proper lease when renting out your property. Don’t just go pick up a […]
Have you been managing your own income property, or have recently purchased an income property? Maybe you’ve taken some steps to set up your rental unit but aren’t sure if you’re doing everything right. Or, maybe you’re finding that managing all the details of your investment is a bit more time consuming than you’d originally […]
Managing a rental unit or several units takes time and effort that many people simply can’t dedicate to have a successful income property. Turning to an experienced DC property management company can make life easier for both you and your renters, allowing you to stress less about your investment. But what should you expect when […]
When you have an income property, you have the option of managing it yourself or having a professional property manager do it for you. Running a rental property is a business, and handling all aspects of your investment involves more than making sure the property itself is taken care of. You’ll also need to manage […]
Whether you’ve been renting out your income property for years or this is your first time as a landlord, it can be a lot of work to get a property ready to rent. Even if your unit is in good condition or is a new-construction build, not every property is automatically considered to be rent […]
As a landlord, it’s part of your job to handle the necessary repairs at your income property. Even if you have a property manager take care of these tasks for you, you still need to have disposable income ready for everything from minor repairs to emergency ones. While having available funds for repairs is essential, […]
You take precautionary measures when it comes to your investment property, but did you know that tenant notification should be among them? Proper notification for your tenants can not only help protect your investment property, but improve communication between you and your tenants for a sustainable, mutually-beneficial relationship. At FAS Management, we know that the […]
Do you have a basement apartment you’d like to rent out, or are moving into a new home and want to rent out your old place? It’s important to know that you can’t just have tenants move in—there are certain steps to take to prepare your home to be a rental unit in Washington DC. […]
When you need a property manager in DC or are considering becoming a property manager, consider that DC property managers are required to be licensed. In order to become licensed, property managers in DC must pass a test. Who does DC consider to be a property manager, and what type of license are property managers […]
With over 11,000 people moving into Washington DC every year, there’s certainly a demand for places to rent. People are looking for neighborhoods that provide a mix of quiet spaces, access to public transportation, and exciting things to do and see on the weekends. What DC neighborhoods represent the strongest rental markets? The following areas […]
If your current renters’ lease is up or you have a new rental unit you’re considering putting on the market in Washington DC, it’s important to consider your timing. Depending on your unique rental property, there are peak times of the year to put it on the market. Whether your unit is designed for a […]
Fred A. Smith (FAS) Management has been helping residential building owners in DC increase the value of their property and save money for the last 40 years. We’ve been partnering with landlords to deliver the best service to tenants and improve the efficiency and success of their DC rentals. How does our team at FAS […]
Students make up a large sector of the rental market, with an average of 44 percent of students living in off-campus housing according to The College Board. It comes as no surprise then that the student rental market is a highly competitive but lucrative industry. There are many colleges and universities in DC, including The […]
Managing your own income property might not seem like much more than finding people to move in and collecting rent every month. But what happens when the roof starts leaking at 2 a.m.? What do you do when a tenant files a complaint against you in court? Who will maintain the lawn at the property? […]
A property manager can increase the value of your investment property by providing their professional insight, experience, and efficiency for long-lasting and sustainable success. While property management companies do charge fees for their services, they’re often well worth the expenses, headaches, and time that comes with running your own investment property. So what are property […]
Property managers handle many daily tasks that are invaluable to income property owners. A property manager plays an instrumental role in keeping your investment safe and your tenants satisfied. From handling emergencies to screening renters, the right property manager increases the value of your investment property in DC. FAS Management has been in business since […]
Check out the new website launch for The Fred A. Smith Company! The Fred A. Smith Company is proud to present the launch of our new company website. Since 1946, FAS has been one of the premier residential property management companies in Washington D.C., and our new website provides new information as well as client […]
2018 will bring in new benefits to those using the online Tenant Portal. Effective January 1, 2018 Fred A. Smith Company will pay the convenience fee of $2.95 when you pay your rent online! The Tenant Portal is the most convenient way to make sure your rent is paid on time. No more possibility of […]
We thought April showers brought May flowers, well adding May’s showers we should be getting a boatload of flowers in June! Spring & Summer are wonderful seasons to be outside and enjoying this great city. Please remember to close your windows when you leave your apartment and be respectful of your neighbors by keeping the […]
We’ve been lucky lately with summer extending into October, but the cold winds are starting to blow. This is the time to get ready for those short, dark days ahead. First, the heat has been tuned on to all our multi-family buildings. If you see any leaks from the convectors or radiators, please report it […]
As renters of a single family house, please follow these tips to limit and prevent damage that freezing weather can cause. • Ensure water is shut-off to outside spigots and hoses are unscrewed and drained. The spigot shut-off is usually located inside the house within a few feet of where the spigot is located. Ensure […]
Finally the bitter cold of winter is behind us! As spring approaches, please ensure you take care of the following items at your home. Please follow these tips to limit damage the changing seasons can cause: • Ensure outside gutters and drains are clear of leaves and debris at all times. • Ensure you regularly […]
The number one, most frequent maintenance call we receive is for clogged or jammed garbage disposals. It is important to know disposal does not mean “Dispose-All”. While disposals are a handy tool for kitchen clean-up, they are not meant to act as trash receptacles for all leftover foods. Garbage disposals are designed to grind the […]
