Back in March 2025, Arlington, VA was rated as one of the most competitive housing markets in the US. Not only are there few homes for sale, but the prices are sky-high as well. So if you get your hands on property, then count yourself lucky.
It isn't easy owning property though, especially if you're an accidental landlord. Not only do you have to manage the property, but you also have to deal with the tenants.
So how can you make life easier for yourself? By following these tips for accidental landlords.
Understand the Local Laws and Regulations
No matter where you are in the nation, there are tenant-landlord laws you must follow. In addition to federal rules, there are specific landlord regulations in Virginia, and even Arlington itself.
It's of the utmost importance that you familiarize yourself with these laws, including:
- Eviction rules
- Lease agreements
- Tenant rights
Have a Clear Lease Agreement
You should outline all terms clearly so there's no room for misinterpretations. They should include:
- Rent amounts
- Due dates
- Late fees
- Maintenance responsibilities
- Rules for property use
Use a legal professional to ensure that you're compliant and that the lease is airtight.
Screen Your Tenants Thoroughly
The rental market is hot in Arlington, so you shouldn't have to worry much about vacancy rates. But even if you did, it's essential that you perform thorough tenant screening. Without this crucial process, you might get renters who will wreck your property and not pay rent on time (or at all).
Ensure that you conduct background checks, as well as credit checks and reference verifications. On that note, while you want to do detailed checks, make sure you're still complying with Fair Housing Laws to avoid legal issues.
Handle Maintenance Promptly
Renters want to feel safe and comfortable, and it's your responsibility to make sure this happens. It's vital that you conduct regular property inspections; this will help you catch things before they become major problems.
Plus, when tenants make maintenance requests, address them quickly. Having a list of reliable local contractors can be useful.
Doing these things is a win-win situation. You'll protect your investment by keeping your property in good shape and your renters satisfied.
Consider Hiring a Property Manager
Being a landlord can be overwhelming, even for those who are experienced. It may be wise to use a rental property management service, as this can relieve stress.
Doing so means outsourcing your tenant screening process and other renter relations (such as rent collection and maintenance). An experienced property manager will also be familiar with the area, and they'll be able to give you sound property management advice.
Accidental Landlords Don't Have to Stress
Joining the ranks of accidental landlords can be scary, especially if you have no prior experience. However, it doesn't have to be a total nightmare.
If you follow this beginner landlord guide, then you'll be off to a great start. And with the assistance of an amazing property manager, you'll definitely feel the stress melt away.
Get in touch with us if you're interested in hearing more about property management. We at PMI Smart Choice are part of a worldwide franchise that has almost 20 years of service and multiple awards.
