Can You Make More Money If You Have a Duplex on a Norfolk Common Water Meter?
By Lisa Doud MPM® RMP® Friday, November 26, 2021
Duplexes in Norfolk are usually used as an additional income source by leasing out the additional unit to tenants. While signing the lease, the basic maintenance and upkeep of the property are mentioned. However, the cost of utilities and bills can be an issue sometimes.Water met...
Ways to Earn More Money from Your Norfolk Duplex
By Lisa Doud MPM® RMP® Friday, November 19, 2021
Owning any multi-family real estate can be really beneficial to generate additional income, especially in the current real estate market. One of the most popular housing choices in the Norfolk area is buying a duplex. Duplexes provide enough space for a large family, as well as p...
How a Pet-friendly Property Can Attract More Portsmouth Renters
By Lisa Doud MPM® RMP® Friday, November 12, 2021
Owning a pet-friendly property can be an asset. It can attract more Portsmouth renters than houses that don't allow pets. Approximately 46 percent of tenants in the United States own pets, thus driving the demand for a pet-friendly rental property.Additionally, offering a few...
Tips to Reduce Vacancy in Your Hampton Roads Rental
By Lisa Doud MPM® RMP® Friday, November 5, 2021
Vacant rentals can be a major cause of distress for any property owner as many landlords rely on their rental income to pay their mortgage and taxes. Managing the costs of maintenance, repairs, advertising, and conducting the tedious tenant screening process over and over till th...
How to Protect Your Norfolk Rental Property from Extreme Weather
By Lisa Doud MPM® RMP® Friday, October 29, 2021
The state of Virginia is often prone to extreme weather conditions. Tropical storms, floods, wildfires, tornadoes, blizzards, hurricanes, winter storms, and landslides are disastrous but common weather conditions in Virginia. Stormy snowfalls can occur any time, along with flying...
Investor's Guide to Raising Capital for Portsmouth Multifamily Real Estate
By Lisa Doud MPM® RMP® Friday, October 22, 2021
If you're planning to make a long-term multi-family rental investment, Portsmouth is an excellent place to start. Reasonable property rates, high rental income, and a growing population of around 95,097 are some of the potential reasons for investing in multi-family rentals i...
Documents All Hampton Roads Real Estate Investors Should Have on Hand
By Lisa Doud MPM® RMP® Friday, October 15, 2021
Buying a rental property is no cakewalk. You have to go through challenging procedures, such as analyzing the real estate market, selecting a property, managing finance, and most importantly making ready the documentation required for real estate investment. It is a crucial step ...
How to Handle Noise Complaints in Your Norfolk Apartment Building
By Lisa Doud MPM® RMP® Friday, October 8, 2021
Noisy renters are one of the worst problems that landlords must handle. Specifically, with multifamily properties such as quadplexes or apartments, the noise issues on-premises are even more severe due to proximity. However, landlords can handle noise complaints with the hel...
Property Damage or Normal Wear and Tear? Norfolk Property Management
By Lisa Doud MPM® RMP® Friday, October 1, 2021
A Norfolk rental property undergoes deterioration due to different factors, such as negligence, mishandling, weather changes, and warranty of things. The difficult part is to differentiate between damages caused by tenants and normal wear and tear.The following information can he...
What Are Tenants Responsible for in a Portsmouth Rental Home
By Lisa Doud MPM® RMP® Friday, September 24, 2021
Tenants and landlords have distinct roles to play in making an effective tenancy possible. Better cooperation will result in longer leases, adding to the convenience of both parties. As Portsmouth renters, you need to know the tenant responsibilities outlined under the Virginia R...