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 »
Managing rental properties can be a time-consuming and demanding task, requiring knowledge and expertise in various areas. Property owners often find themselves overwhelmed with responsibilities when renting out a property, from advertising and tenant screening to rent collection and property maintenance. Hiring a property management company can provide a solution to these challenges, allowing property
Should I Hire a Property Management Company or Do It Myself? Read More »
Owning a home comes with both financial responsibilities and opportunities. If you find yourself in the position of having a good interest rate on your mortgage, you might be contemplating whether to seize the opportunity to rent out your home. While the prospect of generating rental income can be enticing, it’s crucial to carefully weigh
Should You Rent Out Your Home if You Have a Good Interest Rate? Read More »
Rent increases are an important aspect of managing properties in the rental market, but both landlords and tenants need to be aware of the rules and regulations that govern these adjustments. In the state of Virginia, there are certain guidelines surrounding the maximum allowable rent increases, and in this article, we will provide an informative
What is the Maximum Rent Increase in Virginia? Read More »
