Vacancies have a way of making landlords uncomfortable. Each day a unit stays vacant, pressure increases. You get the urge to “do something,” to recover your source of income. One of the solutions landlords go for is rent concessions. But do rent concessions work? The answer is yes, sometimes they do, but only when they […]
Category Archives: Property Management in Richmond
22
Apr
Apr
At some point, you may find yourself thinking about whether to continue with a tenant or not. And there could be valid reasons for that. Maybe things haven’t been smooth, or you’ve just decided to go in a different direction. Either way, the lease is coming to an end, and you have to decide what […]
25
Mar
Mar
Is your apartment smelling a little off? Maybe some milk spilled on the carpet, or your furry friend left a mess somewhere. Whatever the source of the smell is, it can make the whole place feel anything but fresh. So if your house has a strange smell lingering around, let’s look at how to deodorize […]
24
Feb
Feb
Nothing unsettles real estate investors quite like taxes. One wrong move, and you could be leaving money on the table. That’s why any tax provision that offers relief quickly becomes a major point of interest. Today, we’re answering the question: “What is bonus depreciation in real estate?”, so you can understand how it works and […]
15
Jan
Jan
When you first walk through an apartment property as an investor, height isn’t always the thing that stands out. You notice the lobby, the elevators, the flow of foot traffic, and how the building feels during the day. Only later do the labels come up—low-rise, mid-rise, high-rise—and suddenly, those terms start carrying a lot more […]
12
Dec
Dec
Late or partial rent payments happen more often than people admit. Every now and then, we meet tenants who are genuinely unsure about how late rent actually works. Some pay part of what they owe and assume the effort alone will prevent any issues. Others believe that simply staying in communication is enough to pause […]
24
Nov
Nov
Can a tenant evict another tenant? This question usually comes up in two main situations — when you sublet the space, or when you’re co-renting with a roommate. That said, the answer is no, if you’re a tenant, and yes, if you’re renting out to a subtenant and have gone through the legal eviction process. […]
24
Oct
Oct
For many college students, paying rent is one of the hardest parts of living independently. Between tuition, books, and daily expenses, it’s no wonder so many ask the same question: Can you use student loans for rent? The short answer is yes, but there’s more to it than just paying your landlord from your loan […]
22
Sep
Sep
Imagine dealing with water damage in your apartment for two months straight. A damp carpet never seems to dry. A closet has holes left behind from repairs. Tiles get pulled up to fix a leak. It doesn’t take long before the situation feels overwhelming. Beyond the inconvenience, water damage threatens your health, safety, and the […]
20
Aug
Aug
Real estate is an interesting and potentially profitable venture. That said, it goes beyond owning properties and collecting rent. If you’ve ever joined a conversation about real estate investing, you’ve probably heard terms that sound a bit technical—sponsor in real estate, preferred return, waterfall, and promote. One question that comes up often is what is […]