The rental business is not always lucrative and is subject to substantial risks. One of the most common difficulties landlords face in their residential investment properties is tenant turnovers. Tenant turnovers are a common occurrence and can be hectic as the landlord is requir...
3 Questions to Ask Every Potential New Tenant
By Lisa Doud MPM® RMP® Friday, March 10, 2023
As a property owner, one of the essential things you have to do is get different people to apply for tenancy in your rental. Many landlords take the necessary steps to market and advertise their property on platforms to showcase the best features of the house in front of interest...
A Landlord's Guide to Handling Difficult Tenants with Ease
By Lisa Doud MPM® RMP® Friday, February 24, 2023
Handling difficult tenants can be a monumental task, especially if you are a landlord managing multiple rentals. It can be challenging to handle a million different tenant requests simultaneously without delay. Even if a couple of difficult renters occupy your rentals, they can m...
3 Ways to Limit Liabilities on Your Norfolk Rental Properties
By Lisa Doud MPM® RMP® Friday, February 10, 2023
Owning a rental property and managing it is a lucrative option, but it comes with its own set of challenges. It requires you, as the landlord, to have adequate knowledge about running the rental business smoothly and taking the necessary steps to minimize risks. One of the bigges...
Breaking a Lease: What Landlords Should Know
By Lisa Doud MPM® RMP® Friday, January 27, 2023
Every landlord wants to have a good tenant who will stay with them for the long run. However, sometimes, the conditions may not be entirely ideal for the tenant. Even after they have signed a year-long lease, your tenant may have to break the lease and move out before it ends. Th...
5 Questions to Ask When Hiring a Norfolk Property Manager
By Lisa Doud MPM® RMP® Friday, January 13, 2023
Hiring a property manager is a big step toward expanding your rental business and making it profitable. A good Norfolk property manager can guide you through all the rules and regulations for landlords and explain any complicated aspects of the rental business. Consequently, the ...
A Landlord's Guide to Lease Renewals
By Lisa Doud MPM® RMP® Friday, December 30, 2022
As an investment property owner, renting out your property is one of the best ways to secure a steady income. It can be especially beneficial if you successfully find suitable tenants for occupying your unit in the long run. You also have to focus on your existing tenants and try...
4 Steps to Lower Vacancy Rates and Improve Renewal Rates
By Lisa Doud MPM® RMP® Friday, December 16, 2022
Like every Hampton Roads landlord, you want your rental to be occupied by good tenants. Similarly, other owners and property managers are also always worried about rental vacancies and do their best to avoid vacancies in a property for a long time. However, if you have found suit...
Understanding the Tenant-Landlord Laws in Hampton Roads
By Lisa Doud MPM® RMP® Friday, December 2, 2022
Whether you are a property owner or a tenant in Hampton Roads, you are bound to have faced an issue with your rental property at some point. The problem could be regarding the property, a conflict with the other party, or some disagreement about the rules regarding rent payment, ...
So, You Bought a Norfolk Investment Property, What's Next?
By Lisa Doud MPM® RMP® Friday, November 18, 2022
Buying an investment property is one of the most exciting moments of every investor’s life. Seeing your hard-earned money transform into a tangible asset is a joy like no other. Depending on what you do with it, it can be the best thing that ever happens to you. Or, it can ...