What Are Typical Application Fees?

By Cassie Parker Thursday, March 21, 2024

A bad tenant can cost you your sanity and hundreds, sometimes thousands, of dollars. Hampton Roads, Virginia, landlord can reduce their risk of renting to bad tenants by conducting criminal background checks.Tenant screening services can get expensive, which is why many landlords...

How Do You Calculate Prorated Rent?

By Cassie Parker Thursday, March 14, 2024

As a Hampton Roads, Virginia, landlord, you want to make as much rental income as you can. You can do this by allowing new residents to move in early or move out late, for a charge.This is defined as prorated rent. Landlords can generate additional income by allowing these except...

Why Should I Look into Hiring a Property Manager in Hampton Roads, VA?

By Cassie Parker Thursday, March 7, 2024

Are you struggling to keep up with property maintenance, lease management, marketing, and all your other responsibilities? Don't worry; about 70% of property managers handle these tasks! In fact, only 45% of landlords manage their properties alone.With help from a Hampton Roa...

Security Deposits in Hampton Roads, Virginia: A Guide for Landlords

By Cassie Parker Sunday, February 25, 2024

Rents have steadily increased across the nation during the last few years. This translates to greater potential earnings for landlords, but it also means more competition. Landlords must protect their assets while attracting renters.That is why property owners often have question...

Understanding Owner Disbursements: What Every Landlord Needs to Know

By Cassie Parker Sunday, February 18, 2024

20% of all small businesses fail within one year. 30% close by their second year, 50% by their fifth, and 70% by their tenth.Successful rental property owners need to treat their portfolio like a business. They need to always be aware of everything that's happening at ea...

Lease Enforcement: Common Lease Violations and How to Enforce Them as a Landlord

By Cassie Parker Sunday, February 11, 2024

It's standard practice for rental property owners to require renters to sign a lease before tenancy begins. The lease agreement fleshes out, among other things, the rules the tenant must follow. This can include things like a pet policy, noise regulations, and rent payments.E...

How to Choose Leasing-Only Service or Agent: A Guide for Hampton Roads Landlords

By Cassie Parker Sunday, February 4, 2024

In Virginia, landlord-tenant disputes make up as much as 70% of district court cases. That's why it's so important to have a smooth operation. Everything starts with leasing.Choosing between a leasing-only service or agent is a crucial decision for landlords in Hampton Ro...

Is Outsourcing Your Tenant Screening Process in Hampton Roads, VA a Good Idea?

By Cassie Parker Sunday, January 28, 2024

As a landlord, tenant screening can often fill you with the same doubts as someone about to leave on vacation who wonders if they left the iron on. Even when you feel you have done a thorough job, that nagging question remains: what if I missed something?There is an alternative, ...

Do Property Managers Pay for Repairs in Hampton Roads?

By Cassie Parker Sunday, January 21, 2024

In Virginia, a tenant has a right to a livable dwelling unit. If a condition exists in a rental dwelling that threatens the life and safety of a tenant, they can terminate their rental agreement and receive a full refund.This can cost landlords thousands of dollars. The best way ...

How to Manage Landlord Stress in Hampton Roads, VA

By Cassie Parker Sunday, January 14, 2024

83% of Americans experience work-related stress, and landlords are no different.Just because you own a rental property doesn't mean that you're coasting through your work life. There are plenty of landlords with highly successful commercial and residential rental properti...