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PROPERTY MANAGEMENT BLOG

5 Things to Avoid When Hiring a Norfolk Property Management Company

5 Things to Avoid When Hiring a Norfolk Property Management Company

By Lisa Doud MPM® RMP® Friday, November 4, 2022
Hiring a property manager for your Norfolk rental is an important decision that can significantly impact your business. A good manager who looks after your property and takes complete care of it can add value to your Norfolk rental investment. However, if you hire someone unsuita...
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Are You Ready to Become a Landlord?

Are You Ready to Become a Landlord?

By Lisa Doud MPM® RMP® Friday, October 21, 2022
One of the ways to generate passive income from an investment property is by renting it out. However, being a landlord is not a cakewalk. It requires dedication, time, and effort. Therefore, before you decide to take up the responsibilities of being a landlord, it is essential to...
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How To Maintain Your Portsmouth Investment Property Over Time

How To Maintain Your Portsmouth Investment Property Over Time

By Lisa Doud MPM® RMP® Friday, October 7, 2022
As Portsmouth investors, we are sure you are fulfilling all your responsibilities as landlords diligently. Still, how do you make sure your Portsmouth investment stays protected and in good shape? Do you give enough time to regular cleaning, general upkeep, and routine property i...
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How Long Will It Take to Rent Out My Hampton Roads Home?

How Long Will It Take to Rent Out My Hampton Roads Home?

By Lisa Doud MPM® RMP® Friday, September 16, 2022
As Hampton Roads landlords, you may be eager to know how much time it requires to get your home rented. Hiring a property management company can speed up the process and get your property rented within 30 to 60 days. However, if you are handling everything by yourself, it may tak...
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Renting To Relatives: What Every Norfolk Landlord Needs to Know

Renting To Relatives: What Every Norfolk Landlord Needs to Know

By Lisa Doud MPM® RMP® Friday, September 2, 2022
Renting your Norfolk property to relatives can be a great choice if you've been unable to find reliable tenants for a long time. You might also decide to do so for the sake of helping them if they are struggling to find a good rental unit. Although renting to relatives can be...
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Is It Time To Switch Hampton Roads Property Management Companies?

Is It Time To Switch Hampton Roads Property Management Companies?

By Lisa Doud MPM® RMP® Friday, August 19, 2022
A property management company can make or break your rental business. Experienced property managers can help you earn a steady income, generate high ROI, provide proactive maintenance, and earn sustainable profit in the long run. However, if you have hired poor property mana...
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Tips for Getting the Best Return on Your Portsmouth Investment Home

Tips for Getting the Best Return on Your Portsmouth Investment Home

By Lisa Doud MPM® RMP® Friday, August 5, 2022
Owning a Portsmouth investment home can be a sure way of earning a steady income. If you want to get the best return on investment though, you need to pay particular attention to factors such as location, amenities, property renovations, or landscaping, along with a few effective...
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Self-Managing vs. Hiring A Professional Norfolk Property Management Company

Self-Managing vs. Hiring A Professional Norfolk Property Management Company

By Lisa Doud MPM® RMP® Friday, July 22, 2022
Norfolk investors often face a dilemma about whether they should self-manage their property or hire a professional property management company. Of course, both have advantages and disadvantages, but ultimately it boils down to whether you are fully aware of your potential respons...
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A Tenant Damaged My Property, Now What?

A Tenant Damaged My Property, Now What?

By Lisa Doud MPM® RMP® Friday, July 8, 2022
As a landlord, it is obvious for you to expect tenants to treat the property respectfully and leave it in pristine condition. Unfortunately, it may not happen every time you rent a house. Even if you screen your tenants thoroughly before selecting them, they might accidentally ca...
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Handling Security Deposit Returns | Norfolk Property Management Education

Handling Security Deposit Returns | Norfolk Property Management Education

By Lisa Doud MPM® RMP® Friday, June 24, 2022
Security deposit returns are a frequent source of friction between landlords and tenants in Norfolk. Landlords find it difficult to deal with various aspects associated with the entire process, such as checking for damages, evaluating deductions, and facing legal situations. Howe...
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