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PROPERTY MANAGEMENT BLOG

The Importance of Technology When Managing Norfolk Rental Properties

The Importance of Technology When Managing Norfolk Rental Properties

By Lisa Doud MPM® RMP® Friday, February 18, 2022
Technology has become an integral part of the real estate business, facilitating the automation of some essential activities associated with property management like advertising, documentation, tenant screenings, and more. At Doud Realty Services, we believe in making use of...
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What Out-of-State Investors Should Keep In Mind When Adding A Portsmouth Rental Property To Their Portfolio

What Out-of-State Investors Should Keep In Mind When Adding A Portsmouth Rental Property To Their Po...

By Lisa Doud MPM® RMP® Friday, February 11, 2022
Portsmouth is known for its antique homes, rich cultural history of three centuries, collection of quirky shops, and prestigious art and culture. Add to this the fast-growing market here and it becomes one of the best options for out-of-state real estate investors. If you are loo...
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Renovations to Increase ROI for Your Hampton Roads Rental Property

Renovations to Increase ROI for Your Hampton Roads Rental Property

By Lisa Doud MPM® RMP® Friday, February 4, 2022
Renovations play a significant role in upscaling the aesthetic appeal and value of your rental property. They also give you a competitive advantage over other rentals in the market. When your home looks polished and welcoming, it is likely to attract quality tenants and help redu...
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How to Build Better Relationships With Your Norfolk Tenants

How to Build Better Relationships With Your Norfolk Tenants

By Lisa Doud MPM® RMP® Friday, January 28, 2022
A great landlord-tenant relationship is the foundation of a smooth rental experience. It makes the stay pleasant for your tenants and also helps you secure a stable cash flow. Plus, it motivates the renters to take good care of the property resulting in lesser repairs costs. Howe...
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5 Bookkeeping Tips for Hampton Roads Real Estate Investors

5 Bookkeeping Tips for Hampton Roads Real Estate Investors

By Lisa Doud MPM® RMP® Friday, December 31, 2021
Bookkeeping is critical for organizing your real estate investment finances. It is the process of collecting and streamlining financial data related to the asset and maintaining a record of the profits (the positive ROI) and the losses (the negative ROI).Bookkeeping enables you t...
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Best Practices for Managing Parking at Your Norfolk Multifamily Property

Best Practices for Managing Parking at Your Norfolk Multifamily Property

By Lisa Doud MPM® RMP® Friday, December 24, 2021
Parking space issues are a common phenomenon in multifamily properties. Owners often receive complaints from tenants regarding insufficient space, unauthorized parking, unmarked spaces, and violation of parking rules.The situation can become a source of serious conflict between o...
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When Should a Landlord Hire a Lawyer? Norfolk Property Management

When Should a Landlord Hire a Lawyer? Norfolk Property Management

By Lisa Doud MPM® RMP® Friday, December 17, 2021
At times, landlords may run into disputes with tenants over multiple issues. While some conflicts get resolved quickly, others may stretch out and turn into legal tussles. These issues can impact your reputation as a landlord and cost you a fortune if not handled well. In such sc...
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When Should I Sell My Portsmouth Rental Property? 4 Signs It's Time

When Should I Sell My Portsmouth Rental Property? 4 Signs It's Time

By Lisa Doud MPM® RMP® Friday, December 10, 2021
Renting a property is a promising source of passive income, but what if your rental no longer serves the purpose? In such situations, you might wonder if you should sell your property, and when. You may also be considering selling the house if you want to buy a primary residence,...
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5 Rules to Follow When Purchasing Appliances for Your Norfolk Rental

5 Rules to Follow When Purchasing Appliances for Your Norfolk Rental

By Lisa Doud MPM® RMP® Friday, December 3, 2021
If you have ever purchased appliances, you must be aware of the immense research that goes into making the right choice. The buying process can grow even more complicated when you'll be purchasing for your tenants rather than for yourself. Here are a few basic rules to follow...
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Can You Make More Money If You Have a Duplex on a Norfolk Common Water Meter?

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...
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