PROPERTY MANAGEMENT BLOG

3 Ways to Limit Liabilities on Your Norfolk Rental Properties

By Lisa Doud MPM® RMP® Friday, February 10, 2023

Owning a rental property and managing it is a lucrative option, but it comes with its own set of challenges. It requires you, as the landlord, to have adequate knowledge about running the rental business smoothly and taking the necessary steps to minimize risks. One of the bigges...

Breaking a Lease: What Landlords Should Know

By Lisa Doud MPM® RMP® Friday, January 27, 2023

Every landlord wants to have a good tenant who will stay with them for the long run. However, sometimes, the conditions may not be entirely ideal for the tenant. Even after they have signed a year-long lease, your tenant may have to break the lease and move out before it ends. Th...

5 Questions to Ask When Hiring a Norfolk Property Manager

By Lisa Doud MPM® RMP® Friday, January 13, 2023

Hiring a property manager is a big step toward expanding your rental business and making it profitable. A good Norfolk property manager can guide you through all the rules and regulations for landlords and explain any complicated aspects of the rental business. Consequently, the ...

A Landlord's Guide to Lease Renewals

By Lisa Doud MPM® RMP® Friday, December 30, 2022

As an investment property owner, renting out your property is one of the best ways to secure a steady income. It can be especially beneficial if you successfully find suitable tenants for occupying your unit in the long run. You also have to focus on your existing tenants and try...

4 Steps to Lower Vacancy Rates and Improve Renewal Rates

By Lisa Doud MPM® RMP® Friday, December 16, 2022

Like every Hampton Roads landlord, you want your rental to be occupied by good tenants. Similarly, other owners and property managers are also always worried about rental vacancies and do their best to avoid vacancies in a property for a long time. However, if you have found suit...

Understanding the Tenant-Landlord Laws in Hampton Roads

By Lisa Doud MPM® RMP® Friday, December 2, 2022

Whether you are a property owner or a tenant in Hampton Roads, you are bound to have faced an issue with your rental property at some point. The problem could be regarding the property, a conflict with the other party, or some disagreement about the rules regarding rent payment, ...

So, You Bought a Norfolk Investment Property, What's Next?

By Lisa Doud MPM® RMP® Friday, November 18, 2022

Buying an investment property is one of the most exciting moments of every investor’s life. Seeing your hard-earned money transform into a tangible asset is a joy like no other. Depending on what you do with it, it can be the best thing that ever happens to you. Or, it can ...

5 Things to Avoid When Hiring a Norfolk Property Management Company

By Lisa Doud MPM® RMP® Friday, November 4, 2022

Hiring a property manager for your Norfolk rental is an important decision that can significantly impact your business. A good manager who looks after your property and takes complete care of it can add value to your Norfolk rental investment. However, if you hire someone unsuita...

Are You Ready to Become a Landlord?

By Lisa Doud MPM® RMP® Friday, October 21, 2022

One of the ways to generate passive income from an investment property is by renting it out. However, being a landlord is not a cakewalk. It requires dedication, time, and effort. Therefore, before you decide to take up the responsibilities of being a landlord, it is essential to...

How To Maintain Your Portsmouth Investment Property Over Time

By Lisa Doud MPM® RMP® Friday, October 7, 2022

As Portsmouth investors, we are sure you are fulfilling all your responsibilities as landlords diligently. Still, how do you make sure your Portsmouth investment stays protected and in good shape? Do you give enough time to regular cleaning, general upkeep, and routine property i...

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