With the undeniable rise of remote work opportunities in recent years, landlords can only help but wonder, is it possible to manage a rental property remotely? If an accountant, marketing manager, tutor, or full-time entrepreneur can work remotely, then why can’t a landlord? The answer is yes! It is completely possible to manage a rental
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As a property owner or landlord, your responsibilities go beyond rent collection. It entails ensuring that your property remains habitable and appealing to potential tenants. Effective management of rental properties can generate passive income, and a vital aspect of this is budgeting for property maintenance. Deferred maintenance refers to postponing necessary property repairs, often as
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Navigating the world of commercial real estate loans can be a challenging yet exciting journey, especially for first-time real estate investors interested in purchasing a multifamily property. Understanding the basics of commercial loans for multifamily property will not only help you make informed decisions but also set the foundation for your success in the rental
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Finding good, high-quality tenants to lease your Germantown rental property can be time-consuming and, at times, frustrating. This is especially true when you follow a thorough tenant screening and have to find questions to ask tenant references. Even though the tenant screening process can delay renting out your property, it is a necessary part of
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Tenant turnover is one of the highest costs for Anne Arundel County landlords, which can greatly affect their overall ROI. However, when you learn how to reduce tenant turnover, you can earn more from your rental property year after year. What is tenant turnover, exactly? Tenant turnover is when tenants move out of a rental
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Rental property vacancies are inevitable, but that doesn’t mean they have to greatly affect your rental income. When you master the art of writing an effective rental property listing, you can fill vacancies in a matter of days. One of the hardest tasks for landlords trying to fill a vacant rental is advertising the vacancy
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In general, property managers do not pay for repairs. Instead, they facilitate and oversee the rental property repair process on behalf of the property owner. Here’s how it generally works when you work with a local property management company: So, do property managers pay for repairs? The property management company takes care of everything except
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Buying your first rental property is a monumental achievement for most people and the start of building a great real estate portfolio. It’s no easy feat to be a successful landlord. To help you avoid common (and often expensive) mistakes, we’ve gathered the top things successful landlords wish they knew before buying their first rental
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Being a rental property owner in Maryland has its share of challenges and responsibilities. One of the most significant challenges can be dealing with difficult tenants, late rent payments, or the need for an eviction. In such situations, “cash for keys” is a strategy that provides an alternative to the arduous and costly eviction process.
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