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Vacancies in your rental property quickly translate to lost income. Ideally, you would avoid vacancies whenever possible and be able to find new tenants easily. Or, even better, renew leases with your existing tenants. However, there are situations where a vacancy is unavoidable. So what can you do in such situations as a landlord in Nor...

While single-family rentals have always been a popular segment of the rental market, they have experienced a surge during the pandemic and continue to be in demand. Currently, single-family rentals now house 42% of all renters. Starter homes are also in short supply right now, which means more people are renting until they can afford to ...

Renter’s insurance, also called tenant insurance, is a separate insurance policy landlords often require renters to have. Although renters pay for the policy, it can act in favor of both tenants and landlords by reducing the liability of the property owner and covering the tenant’s items should they become damaged on the prop...

If you have a rental property you know that dealing with repairs to your unit can be expensive and stressful. But could a home warranty help you cover some of these costs—and reduce the hassle? Home warranties can certainly be beneficial should a covered system or appliance break. However, while they may help landlords save money, ...

Property management and property maintenance aren’t considered the same thing by some companies. Depending on the property management agency you choose, maintenance may or may not be included in their fee structure. How can you know if your property manager will be responsible for maintenance, and what is the cost difference b...

Hiring a property manager is a big decision to make. After all, your income property is part of your livelihood, and it’s an investment that you want to last. Working with a property management company has its benefits, but is it the right option for you? Here are three signs it may be time for you to consider hiring a property mana...

As a new landlord, you’re inevitably to make a few mistakes as you establish your income property. Fortunately, you don’t have to let your learning curve jeopardize your relationships with tenants, the profitability of your income property, or your long-term success as a landlord. The following are some of the top mistakes of ...

When making any home improvements to your rental property in Northern Virginia, you want to be sure you’re getting the best return on your investment. Many renters look for upgrades in a rental, especially when they plan on staying in a property long term. Conducting a few minor but important updates can make your property stand ou...

Once tenants sign the lease at your rental property—provided the lease is valid in the state of Virginia—they are entering into a legally binding agreement with you to rent the property for the specified amount of time. However, some tenants will have situations that arise that lead to them terminating their lease early. Whet...

As fall gets into full swing, it’s time for landlords in Virginia to conduct a few key maintenance tasks for their income properties. With seasons changing and the cooler weather here to stay, property owners need to ensure there aren’t any significant issues that could impact their tenant’s safety or cost bundles to fi...