In rental property businesses, one of the most important processes that landlords need to pay close attention to is tenant screening. Here, landlords have the opportunity to take an active role in identifying qualified tenants for their property. The question is, how...
Chanced upon a listing that says “look and lease” on it and wondered what exactly it means? In the simplest terms, a look and lease special is a leasing strategy landlords use to boost engagement and potentially fill a vacancy quickly. How? By offering an array of...
Owning and renting are the two most common ways to deal in the real estate market. They both have benefits depending on how you use the property, but did you know that there’s something in between? A leasehold property can be an option for Northern Virginia investors...
By the end of each lease agreement, there is a period when the landlord or tenant may initiate talks about renewing their contract. This is a particularly important process where both parties have the opportunity to reassess their current arrangement and essentially...
Renting an apartment isn’t as simple as giving your basic information, providing rent, and moving in immediately. Instead, there is a lengthy and tedious rental application process designed to screen applicants and find qualified tenants. This brings us to the...
Caught in a pickle and can’t pay rent on time? For an occasional late payment, some landlords may be willing to work with tenants, especially if they communicate early. But what if late rent payments are a recurring problem? Can you be evicted for paying rent late...
As a landlord, one of the most important things that you need to pay attention to in your rental property business is your lease agreement. In particular, what it says and how it says it. This brings us to the question of “what information should a lease contain?”...
For many, putting a property up for lease is an effective strategy to generate rental income. If you’ve ever found yourself wondering, “Should I start renting my house?”, you’re not alone. But do you know what it truly means to put your house...
In the real estate market, selling property for profit is a common strategy. However, doing so typically comes with a tax bill that can have a huge impact on your yield. This is where the 1031 tax-deferred exchange comes into play. Essentially, this strategy allows...
To screen applicants effectively, landlords and property managers typically run background checks to learn about a potential tenant’s rental history, credit history, and the like. This brings us to the question: How extensive are background checks for apartments...
