As a property owner, you must always require your tenants to sign a lease or a rental agreement before moving into your rental property. This will legally bind them to adhere to all terms listed in the agreement. When creating a lease or a rental agreement, there are certain things you must include to make […]
Everything you own requires maintenance. This helps slow down the normal wear and tear of a possession. The same goes for owning a rental property. You’ll want to put in the necessary effort to maintain and elevate your property’s value. This ensures that you keep attracting tenants, and inspire current ones to renew their leases […]
Just like in other states, squatters in Virginia have certain rights. They may be able to file an adverse possession claim, which gives them full legal rights to the property they’re squatting on. Among the requirements required for filing an adverse possession claim is continuous possession. As per the Code of Virginia (§ 8.01-236,237), squatters […]
Most landlords in Virginia require their tenants to sign a lease or a rental agreement prior to moving in. A lease agreement binds both the landlord and the tenant for a certain duration of time. Within that time, both parties must abide by certain terms and conditions. Breaking a lease agreement occurs when tenants move […]
Although not required by the Virginia security deposit law, most Virginia landlords ask their tenants to pay a security deposit. Basically, the security deposit acts like a safety net against any financial ruin that can arise during the tenancy period. For example, as a landlord, you may be able to use part or all of […]
Accepting pets in your rental property can be a great financial decision. Many property owners immediately refuse the idea of allowing pets in their rental because of the risks that come with that decision. However, there are many benefits of renting to pet owners that may outweigh the drawbacks. Not to mention, there are things […]
As a landlord, you likely choose neutral paint shades when painting your rental units. Neutral shades are often less costly and easier to match different furnishing. Neutral shades are all-around a great idea! However, sometimes, your tenant may approach you to request a change in paint color. In such a case, what would you do? […]
Are you considering renting out your Roanoke, VA rental property? security deposit renting out your house property manager As you probably know, owning rental properties can be an incredible way to earn passive income and build wealth. That said, being a property owner entails more than just collecting rent every month. You’ll want to carefully […]
With any rental property, some type of damage is inevitable when you rent it out to a tenant. However, not all damage is alike. Some damage is due to ‘normal wear and tear,’ while other damage results from tenant negligence. Landlords can’t make deductions from a security deposit for ordinary wear and tear, but you […]
Are you planning to buy investment properties in Roanoke? Roanoke is one of the best areas to invest in in Southwest Virginia. In fact, it’s the region’s largest Metro Area and commercial hub. This means there are many job opportunities and housing options. As with any other real estate investment, you should analyze the local […]
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