Property Management Blog

3 Tips for Finding an Investment Property in Vienna, VA

Last year, the average return on investment in the real estate sector was 10.6%! This ROI is much higher than the actual profit margins of most businesses, so putting your money into an investment property is a much quicker way to save and grow your wealth.10.6% ROI, however, is ...

Top 3 Best Practices for Tenant Placement in Vienna, VA

Each day your rental property in Vienna, VA, sits empty is a day of lost profits.However, that's not enough reason to rush or be lax with your tenant placement process.If you're not careful, you may rent out to the wrong people, leaving you with no choice but to evict the...

A Vienna, VA Landlord's Guide to Security Deposits

With the average state rent at an all-time high, Virginia landlords have the potential to make more money than they have in the past decade. However, to collect this passive income, you must adhere to state laws that protect both your property and your tenants.Understanding secur...

The Importance of Conducting a Tenant Background Check in Vienna, VA

Would you like to start growing your real estate portfolio? If so, you need to understand the importance of tenant background checks.A tenant background check involves using several methods to gather information about a rental applicant. However, many landlords overlook the impac...

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

Are you facing a higher vacancy rate in your Vienna rental properties? Is the turnover from one year to the next increasing even though you haven't made many changes to your property management style?Vienna is a desirable place to live thanks to its proximity to key commuter ...

Mastering Lease Negotiations in Vienna, VA: Tips for Achieving Favorable Terms

Are you ready for the next round of lease negotiations with your tenants? If not, you should be: they allow one in four tenants to lower their rent.First things first: negotiating a lease isn't just about rent prices. It's also about the quality of living conditions you c...

Accidental Landlords in Vienna, VA: What to Do When You Become One

Have you recently inherited a property, or are you unable to sell a residence you currently own? If so, congratulations! You are an accidental landlord.Although accidental landlords are a unique group, you do not have to feel intimidated by your newfound status. Here are some poi...

4 Rental Property Marketing Tips for Vienna, VA Landlords

If you don't market your Vienna, VA area property, no one will know it's available. And if no one knows it's available, how can they rent it?Property marketing is not just about putting up signs and waiting for the phone to ring. It's about creating a comprehensiv...

How to Get Tenants to Renew Leases in Vienna, VA

Currently, Northern Virginia has a lack of affordable housing. As a landlord, you might think this is good news; all you have to do is keep your prices low, and your units will always be occupied, right?The truth is, even when there's a shortage in affordable housing, tenants...

Pros and Cons of Allowing Pets in a Rental Property in Vienna, VA

In Virginia, 55.5% of households have pets, meaning that half your potential tenant pool consists of animal lovers. And if you're having a challenging time renting out your property in Vienna, VA, then it may be wise to consider renting to pet owners if you aren't already...