Rental real estate has continuously been hailed as a sound way to make passive income. As a real estate investor, you may want to increase your income. However, raising the rent poses a risk of losing your tenants. A high rate of tenant turnover not only puts your income at risk, but it also increases […]
As a landlord, it’s important to know how you can leverage the available amenities to attract and retain tenants. The following are the top 4 amenities renters can’t resist in Roanoke. 1. Kitchen Upgrades The kitchen is the heart of a home. If it looks boring and dated, you may have a hard time renting […]
From small renovations like the installation of bathroom shower screens to larger upgrades like changing the kitchen layout, the renovation of your rental property comes with many benefits. As a prospective or current landlord, you should consider that renters place significant weight on the visual appeal of a space. As such, the renovation of your […]
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? […]
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