One of the scariest things a landlord in Richmond can face is a vacant property. When there is no tenant living in your rental, that means there is no monthly income deposited into your bank account. An even more frightening aspect of a vacant rental is that your expenses don’t stop just because you don’t
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Did you know you could increase your rental property income in Richmond simply by adding new amenities to the property? There are many factors that contribute to setting the right rental price for your property. While some are out of your control, such as the current market conditions, some are completely in your control. When
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There is a hot debate in the real estate industry: is it better to buy a home or rent? As more people choose to rent high-end homes in Richmond, Virginia, rather than purchase them, the debate is hotter than ever. Decades ago, it was the American Dream to own a home. However, as society changed,
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You’ve just collected the keys from your tenants who lived in your Richmond rental property. Now that you have a vacant property, you may be wondering what steps to take to spend this time wisely. As a landlord, it can be nerve-wracking to have a vacant property. A vacancy means no rental income for those
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It can be a challenging legal process evicting tenants from your rental unit. Many landlords tend to make common eviction mistakes when evicting tenants on their own. Not only is the eviction process challenging to navigate and see through successfully, but every state has specific laws to follow as well. If it’s not done right
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Owning and managing an income-producing property is no easy task, especially when rental property repairs is part of the equation. As a landlord who self-manages their property in Richmond, you know the worries and struggles of making repairs yourself. You dread the incoming text or phone call from your tenants, letting you know something is
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As the weather grows colder and temperatures drop to unbearable degrees, landlords worry about frozen pipes in their rental property. Having frozen pipes can lead them to burst, costing you thousands of dollars in damages. Not to mention, your tenants may be displaced. Frozen pipes may be more common than you think. According to the
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There are two paths to take as a landlord of rental properties. You can choose to work hard and self-manage your rental property in Richmond. Or you can hire professionals to take care of everything and enjoy the beauty of truly passive income. Many landlords, especially first time landlords, choose to self-manage their rental property.
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Searching for a property management company to manage your rental properties can be a daunting task. A simple “property management company near me” search on Google can help, but there is so much more to finding a reputable company you can trust. There are plenty of benefits to hiring a property management company, including saving
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