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If you’re a landlord with one or multiple income properties, you may have wondered if setting up a landlord LLC is worth it. A landlord LLC (Limited Liability Company) is a designation that helps limit your personal liability, hence its name. You have the option of setting up an LLC by yourself or with multiple people. Unlike corpo...

Hiring a property management company requires doing your due diligence as a landlord. Since your property manager plays a significant role in your investment’s success, choosing the right professional to assist with your income property is essential. But how can you find the best Northern Virginia property management company? The f...

When you’re an income property owner, you have to decide if you’ll be handling the maintenance of the property yourself or if you should consider hiring a property manager. There’s no one-size-fits-all solution for Northern Virginia property owners when it comes to maintenance. It depends on your skill level, how mu...

Maintaining an investment property that’s an apartment or apartment complex can be more challenging than maintaining a single-family home.Multi-family buildings come with their own challenges and require proper maintenance to keep the property safe and your tenants satisfied. This is true whether you have a small or large apartment ...

Extreme weather can happen any time of year, but the dropping temperatures and winter storms that the Northern Virginia area sees can make managing a rental property extra challenging.Bitter cold temperatures can make it harder for your rental property’s heating system to work. Snow and ice create hazardous outdoor conditions and im...

The lease agreement for your income property is essential. It defines your relationship with your renters and the terms for their tenancy while protecting both parties. The lease is a legally binding agreement, so it’s crucial to ensure it’s updated, correct, and reflective of the terms you want your renters to abide by. New...

Vacancies in your rental property quickly translate to lost income. Ideally, you would avoid vacancies whenever possible and be able to find new tenants easily. Or, even better, renew leases with your existing tenants. However, there are situations where a vacancy is unavoidable. So what can you do in such situations as a landlord in Nor...

While single-family rentals have always been a popular segment of the rental market, they have experienced a surge during the pandemic and continue to be in demand. Currently, single-family rentals now house 42% of all renters. Starter homes are also in short supply right now, which means more people are renting until they can afford to ...

Renter’s insurance, also called tenant insurance, is a separate insurance policy landlords often require renters to have. Although renters pay for the policy, it can act in favor of both tenants and landlords by reducing the liability of the property owner and covering the tenant’s items should they become damaged on the prop...

If you have a rental property you know that dealing with repairs to your unit can be expensive and stressful. But could a home warranty help you cover some of these costs—and reduce the hassle? Home warranties can certainly be beneficial should a covered system or appliance break. However, while they may help landlords save money, ...