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What You Need to Know About Landlord Insurance
Patrick H. Page - Tuesday, January 9, 2024
As a landlord, protecting your investment property is essential, and landlord insurance is part of that protection. Landlord insurance is a specific type of insurance designed to provide coverage for rental properties. While it’s not a legal requirement in many states (including Virginia), having the right insurance can offer peace...
Preventative Maintenance for Your Rental Property and Why It’s Important
Patrick H. Page - Friday, December 8, 2023
As a landlord, ensuring that your rental property is well-maintained is crucial for the safety and comfort of your tenants and the profitability of your investment. Preventative maintenance is a proactive approach to property maintenance that can help you avoid costly repairs and keep your investment running smoothly. Why is proactive m...
What Makes a Property Rent-Ready?
Patrick H. Page - Friday, November 3, 2023
Whether you’re looking for a new rental property or getting your existing one ready to rent out, it helps to know when a property is “rent-ready.” Being rent-ready means the property is ready for tenants to move in. Getting a rental property ready for tenants involves several key steps to ensure it’s in optimal co...
What should Property Investors Look for When Hiring a Property Management Company?
Patrick H. Page - Wednesday, October 4, 2023
When you’re a property owner looking for a property management company, there are several things to consider. You want an experienced and knowledgeable professional who’s also responsive and friendly. But you also want a company with a proven reputation and a strong local presence. So what should property investors look for w...
Make Your Rental Property More Fire Safe With These Tips
Patrick H. Page - Friday, September 8, 2023
An average of 340,000 homes in the United States experience fires each year, and thousands of people die in fires annually. When you have an income property, you need to be sure it’s as safe as possible from a potential fire to protect both your tenants and your investment. So what can you do to ensure proper fire safety at your i...
What You Need to Know When Purchasing an Investment Property With an HOA
Patrick H. Page - Wednesday, August 9, 2023
If you’re considering purchasing an investment property in a community with a homeowner’s association (HOA), you may not be able to rent your property as planned. HOAs have certain restrictions on rental properties that may make it more challenging to have the rental property you’ve been dreaming of. So what do you nee...
What Kind of Insurance Do Rental Property Owners Need?
Patrick H. Page - Monday, July 10, 2023
If you have a rental property in Northern Virginia, it’s imperative to have the right kind of insurance to protect your investment. But what kind of insurance do rental property owners need? A simple homeowner’s insurance policy is not enough. Landlords need what is commonly called a landlord policy for their rental property....
How Much Rental Property Income Should Landlords Budget for Maintenance?
Patrick H. Page - Thursday, June 15, 2023
A well-managed investment property can result in a steady stream of income, but it’s certainly not without its expenses. Therefore, it’s essential for landlords to correctly budget for rental property maintenance to cover these costs. Doing so can ensure you always have enough to cover your expenses and avoid debt. But how mu...
How to Have Positive Relationships With Your Tenants as a Landlord in Northern Virginia
Patrick H. Page - Friday, May 5, 2023
Tenant relationships are the center of your business as a landlord. After all, without renters, you don’t have a profitable investment. However, maintaining a positive landlord-tenant bond goes further than preventing vacancies. It can ensure your tenants feel safe, happy, and welcome—all the more reason for them to take exce...
What Is the Role of a Property Manager in Northern Virginia?
Patrick H. Page - Monday, April 10, 2023
Property managers have many roles and responsibilities when working with Northern Virginia property owners. A property manager should have the knowledge and skills necessary to ensure your income property runs smoothly, including knowledge of landlord-tenant laws. When you’re considering hiring a property manager, it’s import...