Owning a home is often considered to be an important cornerstone of living the American Dream. For many homeowners, owning a home represents a strong sense of security and stability. However, in the face of various life changes, challenging circumstances, and economic uncertainties, some individuals contemplate whether they should sell their homes. While it may […]
8 Reasons You Should Never Sell Your Home Read More »
For individuals who operate in the rental industry, including landlords and property managers, it’s important to be familiar with the Fair Housing Act. The details covered in the Fair Housing Act were developed to prevent both intentional and unintentional discriminatory housing practices. While no rental professional wants to behave in a way that treats tenants
What is the Fair Housing Act and What Virginia Landlords Should Look Out For? Read More »
Owning and operating rental properties can be either simplified or exacerbated depending on the tenants a landlord chooses. As such, landlords want to select the most qualified tenants to rent their properties. To make the right decisions, landlords need to be aware of what is and isn’t allowed during the screening process. For example, many
Can You Use Credit Scores for Tenant Screenings? Read More »
Being a landlord comes with an array of challenges, one of which is differentiating normal wear and tear from property damage. Though it can be complicated to determine where certain instances lie on the spectrum, it’s essential for landlords to carefully evaluate their concerns so that they can make accurate deductions to their tenants’ security
Normal Wear and Tear vs Damage – What is the Difference? Read More »
Security deposits play an important role in the landlord-tenant relationship, as these exchanges provide assurance for both property owners and tenants alike. In Virginia, it’s essential for both landlords and tenants to understand what can and cannot be charged against a security deposit. This article aims to shed light on what sort of expenses can
What Can You Charge Against a Security Deposit in Virginia? Read More »
Since 1968, when Virginia’s Fair Housing Act was established, the state has consistently aimed to create a fair and equitable housing environment for its residents. Virginia’s housing laws protect several classes of people from discriminatory housing practices, and the newest addition to this system of laws covers “source of funds” protections. This addition has plenty
Do Virginia Landlords Have to Accept Section 8? Read More »
Being a landlord comes with a unique set of challenges, and one of the most difficult situations to navigate is the eviction of a tenant. In the state of Virginia, understanding the legal process is essential in order to ensure a smooth and lawful eviction. In this guide, we’ll walk you through the essential steps
How Do I Evict a Tenant in Virginia? Read More »
Investing in rental properties can be a rewarding venture, as this investment option offers a potential source of passive income and long-term wealth accumulation. One important aspect of managing rental properties, though, is dealing with depreciation. While depreciation can provide tax benefits to property owners, there is often confusion about whether or not these deductions
Do You Have to Pay Back Depreciation on a Rental Property? Read More »
Rental property management can be a challenging task, but the complexities multiply when you’re doing it from abroad. However, with the right strategies and tools, you can successfully navigate the distance and ensure your investment remains a lucrative and stress-free venture. In this comprehensive article, we’ll explore practical tips and effective methods to help you
Transfer Orders? How to Manage a Rental Property Read More »
Investing in real estate, particularly rental properties, can be a lucrative venture, offering both a steady stream of income and the potential for long-term appreciation. However, one aspect that often raises questions among property owners is the obligation to pay capital gains taxes when selling a rental property. In this article, we’ll delve into the
Do I Have to Pay Capital Gains Tax on a Rental Property? Read More »
