Differences Between Investing in Larger Cities and Small Towns
By Lisa Doud MPM® RMP® Thursday, February 15, 2024
When you’re trying to decide where to invest in real estate, one thing you have to determine is this: where do your best tenants want to live? Do most renters prefer living in a large, metropolitan area, or are they happier in small, residential towns? To successfully ...
The Benefits of Building a Strong Community in Your Rental Properties
By Lisa Doud MPM® RMP® Thursday, February 1, 2024
One way to retain residents, provide an outstanding rental experience, and establish a great reputation as a landlord is to create a strong community among your tenants and within your rentals. Everyone is searching for a sense of community, and getting to know our neighbors isn&...
Ensuring Safety in Crisis: A Property Manager's Guide to Preparing for Emergencies and Disasters
By Lisa Doud MPM® RMP® Thursday, January 18, 2024
As property managers, it is our responsibility to ensure that tenants are safe in your rental property. We also work hard to protect your investment. We can’t do that if we’re not prepared for unexpected emergencies and potential disasters. Unfortunately, emergen...
Conditions Required to Collect a Security Deposit at Move-In
By Lisa Doud MPM® RMP® Thursday, January 4, 2024
A security deposit is intended to provide some balance to the risk that a rental property owner takes on when allowing someone to move into their rental property. The money you collect as a security deposit is meant to cover the potential costs of repairing any damage that’...
The Power of Location: Finding the Right Neighborhoods for Your Investment Properties
By Lisa Doud MPM® RMP® Thursday, December 14, 2023
Location is important when you’re choosing an investment property and considering its neighborhood. This is not something you don’t already know. However, a lot of investors can get drawn in by a great property and forget to notice where it’s located. ...
Solving Tenant Disputes: Expert Strategies for Conflict Resolution
By Lisa Doud MPM® RMP® Thursday, November 30, 2023
If you’re going to be a hands-on landlord, you’ll have to be comfortable with conflicts and disputes. They are bound to happen with your tenants, and you’ll need to know how to handle them. You may find yourself in the middle of a dispute between neighbors ...
Winter Property Maintenance Checklist for Your Rentals
By Lisa Doud MPM® RMP® Thursday, November 16, 2023
In Virginia, we’re fortunate to experience all four seasons without any of them being too intense. We might get some snow and ice in the winter, but it’s rare that we’re buried beneath a blizzard. That doesn’t mean there aren’t preparations that...
The Importance of Staying Up-to-Date with Local and National Housing Laws
By Lisa Doud MPM® RMP® Thursday, November 2, 2023
How familiar are you with the Virginia Residential Landlord and Tenant Act (VRLTA)? This is the law that rental property owners need to study and understand in order to effectively rent out properties in the state. Knowing the law can prevent you from being sued or finding yourse...
As a landlord, you want to maximize the income you earn from your rental property. The most basic way to do that is by increasing rent prices in accordance with what the market demands while still keeping tenants happy and renewing their lease agreements year after year. Max...
The Impact of Remote Work on the Real Estate Industry: Opportunities and Challenges for Property Man...
By Lisa Doud MPM® RMP® Friday, October 6, 2023
Remote work has impacted the real estate industry in two dramatic ways. First, it has changed the location preferences of people who once had to live close to where they worked. Second, the remote work trend (which is hardly a trend and is clearly here to stay) has impacted real ...