Tips for Rental Property Owners

Tips for Rental Property Owners

Rental properties can generate income for their owners, often supplementing a job or contributing to an investment portfolio. With having tenants come expenses, legal obligations and potential barriers to a successful rental venture. These tips for rental property...
The Pros and Cons of Allowing Pets Into Your Rental Properties

The Pros and Cons of Allowing Pets Into Your Rental Properties

There are many considerations when it comes to owning rental property. One of the considerations that are mainly up to the owner is the pet policy. There are both advantages and disadvantages that come with allowing pets on your rental property. Understanding these...
How to Conduct a Move-Out Inspection

How to Conduct a Move-Out Inspection

Move-out inspections are an important responsibility for landlords and property managers to perform. Some states require a move out inspection, but even if your state doesn’t, many find it worth it to take the time to do so. Here are a few basics that will help you...
Low-Cost Rental Property Upgrades

Low-Cost Rental Property Upgrades

Upgrading your rental property can provide a substantial array of benefits to your property. Not only will it help to keep your tenants happier, but it can even improve the overall value of the property. Rental property upgrades don’t have to cost an arm and a leg....
How to Best Convert Your Home Into a Rental Property

How to Best Convert Your Home Into a Rental Property

There are many reasons you may have decided to convert your home into a rental property. Maybe you bought a new house but can’t seem to sell the old one for a fair price. Maybe you just need the extra cash. Whatever the reason, it can be hard to know where to start or...
Top Items to Include in Your Lease Agreement

Top Items to Include in Your Lease Agreement

A specific, well-written lease allows landlords and property managers to do their job with ease and success. It sets the expectations and rules you have for each of your tenants and keeps everyone on the same page. If your lease has been articulated correctly, you can...
Tips for Keeping Good Tenants In Your Rental Properties

Tips for Keeping Good Tenants In Your Rental Properties

Tenant turnover is generally one of the most expensive things that landlords have to deal with. These processes involve advertising fees, in addition to cleaning costs, repair expenses, and lost rent. Taking the steps to keep tenants in your rental property can go a...
How to Say No to a Tenant Application

How to Say No to a Tenant Application

The tenant screening process is incredibly important to eliminate poor candidates and reduce the likelihood of an eviction becoming necessary. However, when an applicant doesn’t meet your criteria, it can be difficult to know how to proceed. No one likes to be...
Bed Bugs in Virginia

Bed Bugs in Virginia

When it comes to bed bugs, almost everyone is confused on who is responsible for pest control treatment in rental properties. Is the landlord responsible? Is the tenant responsible? How did the bed bugs get into the property in the first place? Here are some things to...
Should I add my Property Manager to my insurance policy?

Should I add my Property Manager to my insurance policy?

The short answer is an emphatic YES. SHORT EXPLANATION If you don’t add your property manager as additional insured, and you and/or your property manager are sued by a neighbor, tenant, visitor, etc. for something related to the property, you will be required to pay...
Top Reasons to Add Your Property Manager to Your Insurance Policy

Top Reasons to Add Your Property Manager to Your Insurance Policy

There’s a short answer and a long, more detailed answer. Here’s the simple answer: To state it simply if your property manager issued, you may be responsible to pay those attorney fees. You want insurance to pay those costs -not you! If you don’t add your property...
What to Check During Maintenance Inspections

What to Check During Maintenance Inspections

Maintenance inspections are designed to allow a landlord to maintain accurate data on their property. Most of the time landlords only do inspections for a few simple things like a move-in/move-out or for a new lease. Understanding Property Condition Property...
Safety Tips for Rental Properties Every Landlord Should Know

Safety Tips for Rental Properties Every Landlord Should Know

As a landlord, you are responsible for providing a habitable environment for your tenants. That means that your property should not be a hazardous place. You should take care of any safety concerns before your tenant moves in to avoid lawsuits and future damage to the...
Inexpensive Upgrades That Increase Rental Income

Inexpensive Upgrades That Increase Rental Income

Keeping your rental property in top shape will help maximize your return on investment and reduce vacancy rate. In addition, routine maintenance and periodic upgrades will allow you to increase your tenant’s monthly rent every time they renew their lease. Here are 5...
What Are the Most Common Tenant Responsibilities

What Are the Most Common Tenant Responsibilities

Who is responsible for a broken toilet in a rental property? Tenants and landlords often come into disputes over small things like a broken screen to large issues like bed bug infestations. What are the tenant responsibilities? Here are some common tenant issues and...
Why you should use a Professional Property Management Company

Why you should use a Professional Property Management Company

Investing in real estate is a great idea until you find yourself struggling to collect rent and find quality tenants. Hiring a firm like Keyrenter in Richmond is one of the best ways to add significant value to your property. A good property manager takes it upon...