How Proper Paperwork and Rental Agreements Protect You and Your Norfolk Investment Property
By Lisa Doud MPM® RMP® Friday, March 4, 2022
Renting out a property requires you to have some crucial paperwork in place. You will need to draft and maintain a thorough record of documents such as lease agreements, rental applications, move-in/move-out reports, and more. This helps protect yourself and your property from le...
Should You Have an On-Site Manager for Your Norfolk Multifamily Property?
By Lisa Doud MPM® RMP® Friday, February 25, 2022
Managing multifamily property requires skill and patience. Consequently, several multifamily property owners are inclined towards hiring a property manager to handle their valuable Norfolk investment. However, the bigger dilemma is whether you should hire an on-site property mana...
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...
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...
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...
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...
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...
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...
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...
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,...