Category: Property Management

Updated Virginia Residential Landlord Tenant Act (VRLTA), Effective July 1, 2023

From Virginia REALTORS®, here is a summary of important updates to the Virginia Residential Landlord Tenant Act (VRLTA) that will be effective July 1, 2023. Assistance Animals (HB1725) This bill makes it a violation of the Virginia Consumer Protection Act for a person with a “therapeutic relationship” to provide fraudulent supporting documentation of an individual’s […]

Common Tax Deductions for Landlords

As the tax filing deadline approaches, you may want to consult this list for some common tax deductions for landlords. For specific tax advice, please consult a tax professional. Mortgage interest: You can deduct the interest you pay on your mortgage for your rental property. Depreciation: You can deduct the cost of your rental property […]

10 Ways to Invest in Real Estate

If you have been thinking about real estate investing but still haven’t put the plan into action, or if you are a seasoned investor looking for more ways to diversify your investments, I want to share a few ways you can invest in real estate. For each method, I will be sharing the advantages and […]

How to Get Started with an Investment Property

Investment property can be a great way to earn a good income without having to do significant amounts of work. Some call owning rental property a passive income strategy, but owning physical real estate is never truly passive — many things require your involvement. However, you can earn substantial returns and build a nice source […]

How to Rent Out Your Property Without an Agent

Can you rent out your property without using a real estate agent or a property management company? Absolutely, you can! In this article, I will tell you the exact steps you need to follow to rent out your property on your own. Of course, I will be highlighting some of the advantages and disadvantages along […]

Should You Keep Your Current House as a Rental?

So, you have outgrown your current home, and you are thinking about keeping it as a rental property. Converting your current house into a rental might not be a bad idea, but there are several things that you need to take into consideration. Depending on your situation, you might be better off selling the current […]