One of the highest costs landlords face is tenant turnover. The average cost of tenant turnover is between $1,000 and $5,000, which can significantly cut into your revenue and annual profit. Fortunately, there are methods to reduce tenant turnover, such as hiring a property manager in Anne Arundel County, Maryland. Landlords that independently manage their
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As a Maryland landlord, navigating the waters of a tenant breaking a lease can be complex and challenging. A tenant who wants to break their lease prematurely can create confusion and financial stress. This becomes an uncomfortable situation for everyone involved. To help relieve that stress, let’s delve into the practical steps you should take if
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Before letting someone sign a lease to rent your Gaithersburg rental property, the first thing you should do is conduct a tenant screening. With this thorough screening process, you’ll get to know the potential tenant better and their rental history. You don’t want just anyone living in the rental property you worked so hard to
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We often see new – and sometimes experienced – landlords in Annapolis make the mistake of focusing on acquiring new tenants rather than retaining the tenants they have. They spend hundreds, even thousands, each year to find new tenants. With high marketing costs, commission fees to real estate agents, and professionally cleaning the property, landlords
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A lot of factors enter the equation when it comes to deciding on the rental price for your rental property in Bethesda, MD. Do you wish to beat the competition while maintaining a reputation of having the best rental property there is? Do you want your rental price to attract tenants without worrying about losing
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A clean rental is one of the first things potential renters will look for when they come to tour your property. Properly cleaning your rental in Rockville before listing it is one of the best tips for landlords to find quality tenants. A properly cleaned property is much more attractive to potential tenants. For one,
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