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Keeping your occupancy rate high is a great way to become a successful rental property owner. This is because your property generates consistent cash flow when your rental property is occupied. But it won’t be occupied forever. So, it is crucial that you keep your business profitable. As even if your rental property is vacant,…

When renting out your house or apartment unit, you must decide on an appropriate rental price. Finding the optimal rental price will entice potential tenants, while also providing enough cash flow to successfully run your property. When determining a rental price for your investment property, you must have a thorough understanding of the Virginia Beach…

As a landlord, you are required to keep your rental home habitable for your tenants. You must perform specific tasks as outlined by the landlord-tenant law. To ensure that your rental is comfortable and livable, you must conduct regular property maintenance. In this post, we are going over all the landlord and tenant responsibilities under…

Successful rentals have one thing in common: They have an effective lease agreement signed by a landlord and a tenant. This contract ensures that both parties are in mutual agreement on the conditions and terms presented in the legal document. It’s also useful as a guide for property policies, conditions, responsibilities, and rights. In this…

Making rental property improvements may mean shelling out money, but as a landlord, improving your property means increase its value. This leads to high and consistent earnings. If you never do renovations, you can expect more vacancies. Also, having an attractive and upgraded rental unit will gain the loyalty of your renters. They’ll want to…

Having a high-quality tenant living in your rental property is crucial. You want to have a tenant who can care for your property and pay their rent on time. But how do you find such a tenant? The only way to find a “fit” tenant is to carry out a tenant screening procedure. Tenant screening…

Normal wear and tear is likely a term you’ve come across as a property owner. Wear and tear is the normal depreciation of the property. It’s is different from excessive property damage. Excessive property damage is caused by negligent tenants, while wear and tear is natural and not the tenant’s fault. In this article, we…

Having a rental property comes with many decisions. With the increased popularity of pet-friendly rentals, many landlords are considering welcoming pets into their rental properties. Having a pet friendly policy can provide great advantages when it comes to maximizing your income. Yet, there are certain drawbacks that come with making this decision. For you to…

After a tenant leaves, it’s imperative that you ready your property in anticipation of the next tenant. Getting your property rent-ready means ensuring that it’s in its best condition for a new tenant to move in. The sooner you can make your property ready to rent, the sooner you can get back to being cash…

After optimum occupancy rate, it is important for property owners to ensure that they are leasing their properties to long-term tenants guaranteeing a steady income long into the future. Especially if you’re renting your house out because of deployment or something similar, you’ll want quality tenants you can trust for the long-term. Some of the…