Property Management Blog

Evicting a tenant is not something a landlord looks forward to; the process can be complicated and expensive. However, if your tenant is not paying rent or violating the terms of your lease, removing that resident from your property is essential to keep your investment protected. We strongly recommend that you talk to a property mana...

Security deposit requirements can be confusing for landlords, but you have to be very precise in how you handle them and return them. There are specific legal requirements in Virginia law that dictate how long you have to return the deposit and what you must do when you withhold money from it.Security Deposit TimeframeAccording to Virgini...

Many landlords mistakenly believe that their homeowners insurance policy will cover their property once they convert it into a rental home. A landlord policy is required to protect your home and your financial interests when you’re earning income off that property. Make sure you have the coverage you need, and talk to your insurance...

Even the smartest landlords can find themselves in trouble when they violate a law that governs how they operate their rental property. You have to know what you can and cannot do, and that means staying up to date on all the federal, state and local laws that govern the landlord and tenant relationship in northern Virginia. Fair Housing...

Maintenance costs can get expensive for landlords, and you should be budgeting and saving every month for repairs. When you have some money put aside, sudden expenses will not seem so unmanageable. A good way to minimize the amount of money you need to spend on repairs and replacements is by staying on top of all your preventative mainten...

The lease agreement that you sign with the tenants living in your rental property is a legal contract that spells out the rights and responsibilities of each party. As a landlord, you need to make sure you have a strong lease in place that will protect you and your interests. Do not make the mistake of downloading a generic lease from the...

If you’re someone who likes to tackle do-it-yourself projects around the house, you probably think that managing your own rental property will come naturally. That might be true if you have the time, experience and availability necessary to take care of tenants, maintenance, rent collection, inspections, legal issues and all the oth...

Many of the investors we work with are located in other states and even other countries, so we’re often asked what that means for financial matters. A good property management company will be able to handle all deposits electronically and keep you informed of the costs associated with your rental property so there are no surprises. ...

Successfully managing an investment property is about much more than finding the perfect tenant for the perfect unit. It’s even more important to understand the legalities associated with running a rental business. Landlords should be up-to-date on all laws regarding tenant rights and the proper legal proceedings of managing a prope...

Limiting a property’s vacancy time is critical when it comes to earning rental income and long term investment returns. It’s important to get your home rented as quickly as possible, and a good property management company will have a number of strategies in place to ensure your home does not sit empty on the market for very lo...