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In Spring 2023, Is Now the Time to Sell or Rent Your Investment Property?

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 […]

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What Investors Should Look for When Comparing and Selecting a Property Management Company

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 […]

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Tips for DC Landlords to Strengthen the Fire Safety of Their Rental Home

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 […]

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Can HOAs Stop Investors From Buying Properties That They Plan to Rent?

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 […]

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For Planning Purposes, What Amount of Rental Revenue Should Landlords Generally Budget for Property Maintenance?

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, […]

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Do Rental Property Owners Need Insurance? If So, What Kind?

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 […]

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With the Real Estate Market Changes, Considering Renting Instead of Selling? Understand Your Options and Potential Benefits

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 […]

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What Rental Property Maintenance Should Be the Responsibility of the Tenant?

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 […]

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Types and Recommended Frequency of Landlord Rental Property Inspections

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 […]

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With Recent Changes in the DC Real Estate Market, Should I Sell or Rent My Property?

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 […]

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Tips for Building and Keeping Strong Relationships With Great Tenants for Your DC Investment Property

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 […]

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Guide for Finding & Hiring a DC Property Management Company

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 […]

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Understanding the Role and Responsibility of a Property Manager in Washington DC

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 […]

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Benefits of Hiring a Professional Property Manager vs. DIY Maintenance

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 […]

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5 Investment Apartment Maintenance Tips for Washington DC & Maryland Landlords

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 […]

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5 Tips to Help Landlords Rent Their Properties Faster

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 […]

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Should You Require Renters Insurance as a Landlord in Maryland?

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 […]

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Can a Property Manager Help You Save Money on a Home Warranty?

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 […]

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Are Property Management and Maintenance the Same Thing?

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 […]

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If You’re a Landlord That Accepts Pets, Know the Difference Between Pet Deposits, Pet Fees, and Pet Rent

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 […]

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Landlords Can Save Time & Money By Addressing These 5 Common Mistakes With Their Rental Lease Agreements

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 […]

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Why It’s Important to Have Your Property Professionally Cleaned Between Tenants

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 […]

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For Landlords Looking to Lower Rental Property Energy Costs, Here Are Some Energy-Saving Upgrades to Improve Energy Efficiency

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 […]

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3 Common Mistakes of First-Time DC Landlords

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 […]

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Options for Landlords in DC When Tenants Want to Terminate Their Lease Early

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 […]

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Signs That Owners Should Consider Hiring a Property Management Company

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 […]

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Should Investment Property Owners Consider Furnishing Their Rental Properties?

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 […]

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Sell or Rent? Long-Term Benefits of Working With a Property Manager for Your Investments

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 […]

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How Property Managers Work to Minimize and Manage Tenant-Landlord Conflicts

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 […]

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DC Owner’s Guide to Hiring a Property Management Company

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 […]

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Potential Tenant Incentives You Can Offer as a DC Landlord

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. […]

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Washington DC Neighborhoods Growing in Popularity for Tenants in 2021

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. […]

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Pros and Cons of Keyless Entry for Apartment or Multi-Unit Buildings

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 […]

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What Do Renter Pet Deposits Cover and How Much Should You Charge?

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 […]

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Professional Property Management Services Give You the Best Value When It Comes to Maintenance

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 […]

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Understanding Property Maintenance Responsibilities for Landlords, Tenants, and Property Managers

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 […]

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Does a Washington DC Landlord Have to Accept Roommate Requests?

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 […]

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What to Know When Renting Out a Furnished Income Property

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. […]

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Is It Better for Landlords in DC to Provide Furnished or Unfurnished Properties?

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 […]

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What DC Landlords Should Understand About Section 8 Vouchers

The Housing Choice Voucher Program—formerly called Section 8—provides vouchers to qualified people to help cover their rent. The government typically provides these vouchers through the DC Department of Housing and Urban Development (HUD). However, they may also be provided through a non-profit organization. With a Section 8 voucher, the government or another entity will cover […]

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Tips for Showing a Rental Property Virtually

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 […]

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How to Show a Rental Property in the Age of the Coronavirus

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 […]

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Recommendations on How Washington DC Landlords Can Deal With Bad Tenants

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 […]

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What Landlords Should Do When a Tenant Leaves Belongings Behind in Your DC Property

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. […]

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How Do I Find a Good DC Property Management Company Near Me?

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 […]

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The Top Three Factors That Make a Great Investment Property

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 […]

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The Importance of Having a Property Manager to Help You Navigate Inclement Weather

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 […]

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Types of Background Information Landlords Should Know About Their Renters

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 […]

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Challenges Associated with Transitioning a Washington DC Primary Home into a Rental Property

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 […]

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When Hiring a DC Property Management Company, What Do Your Fees Cover?

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 […]

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FAS Protects Your Investment Property with Proactive Notification of Tenants

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 […]

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What DC Neighborhoods Represent the Strongest Rental Markets?

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 […]

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What Are Property Management Fees and What Do They Cover?

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 […]

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Understanding How FAS Provides Service and Value to DC Property Owners

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 […]

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