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People decide to rent out their primary residence for a variety of reasons. They may be taking an extended vacation, permanently moving but are not yet able or willing to sell their home, or they may be renting to relatives or friends.Whatever the reason is for transitioning your home to a rental property, you will need to consider differ...

As a landlord, it’s understandable that you’d want to keep your rental unit occupied, ideally with a long-term tenant that abides by the terms of your lease.However, what happens when a tenant gives notice that they intend to break their lease early and vacate the property? A lease is a contract signed by the tenant that is, i...

As the fall season settles in and winter slowly approaches, property managers throughout the Northern Virginia and DC area are beginning to prepare their rentals for the cooler seasons.While your efforts go a long way to ensuring your property stays safe during the winter, communicating with your tenants is an essential component of prepa...

In addition to preparing your income property to rent, you also need to ensure you have a detailed application for potential tenants to fill out. Tenants should include all necessary information on the application for you to review.Screening tenants is essential to finding the right renter for your property, and one who will respect the r...

Your lease agreement with your tenants not only outlines the terms of their residency, but also legally protects you should an issue happen.It’s important to be specific in your lease to avoid uncertainty and to make your agreement enforceable. What exactly should you include in your tenant residential lease agreement? Here are a fe...

As with any property, an investment property is going to cost you money in regular maintenance and repairs. While it’s difficult to pinpoint an exact amount you should have saved for repairs, there are some general rules to keep in mind.Some property owners think DIY repairs will save money, but the reality is that they can cost you...

Having an investment property can be hugely rewarding, but it comes with its challenges, risks, and costs. When a tenant’s lease is up or an eviction has taken place and you need to turn over the unit, you’re likely wondering when exactly your unit can be considered “rent ready”.Getting your property ready to rent ...

When considering hiring a property management company, it makes sense to know what fees they charge and what services these fees will cover.While every company varies in whether they charge a flat fee or a percentage, what types of fees, and what these fees involve, there are some general charges that nearly every company will have to pro...

When you have your own income property, it’s certainly tempting to manage it yourself. After all, you can pocket money on the side in addition to your regular job—right? Not so fast. Many first-time and even established investment property owners attempt to manage the responsibilities of their property because they don’...

Whether you’re a homeowner planning a trip or a property manager who has tenants to look after, property maintenance doesn’t take a vacation. While many people take vacations during the summer, this popular season is the time when many maintenance issues—including exterior and interior—occur. Are you going to lea...