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 […]
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 […]
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 […]
