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PROPERTY MANAGEMENT BLOG

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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Negotiation Tips and Strategies For Purchasing a Norfolk Investment Property

Negotiation Tips and Strategies For Purchasing a Norfolk Investment Property

By Lisa Doud MPM® RMP® Friday, June 10, 2022
Every real estate investor needs to have several negotiation tips and strategies at their fingertips. It is a part of the property buying process, where buyers and sellers trade cautiously. While sellers focus on making the most out of the deal, buyers tend to parry by deconstruc...
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Tips for First Time Hampton Roads Real Estate Investors

Tips for First Time Hampton Roads Real Estate Investors

By Lisa Doud MPM® RMP® Friday, May 27, 2022
The thriving real estate market of Hampton Roads has been attracting several first-time real estate investors. Since Hampton Roads is a buyer’s market, the supply of houses is greater than the demand, and factors like affordable housing, moderate mortgage rates, and desirab...
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Why Communication Is Key to Maximizing Your ROI on Your Investment

Why Communication Is Key to Maximizing Your ROI on Your Investment

By Lisa Doud MPM® RMP® Friday, May 13, 2022
Norfolk landlords work hard to maximize their ROI on rental properties. However, they tend to overlook the importance of communication in maximizing the return on investment. Professional and healthy communication allows you to attract potential tenants, create a sense of trust, ...
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How To Reduce the Stress of Buying Your Norfolk Investment Property

How To Reduce the Stress of Buying Your Norfolk Investment Property

By Lisa Doud MPM® RMP® Friday, April 29, 2022
Buying a property is one of the most reliable ways of investing your hard-earned money to ensure steady returns. However, it also involves considering the legalities, risks, and financial concerns of investing in real estate, which can be challenging to manage for new investors.&...
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