PROPERTY MANAGEMENT BLOG

How to Diversify Your Real Estate Portfolio in Hampton Roads

By Lisa Doud MPM® RMP® Friday, September 3, 2021

The Hampton Roads metropolitan area is one of the fastest-growing regions in Virginia. Supply is driving the housing market, and property value is swiftly rising, making it a conducive time for investing in real estate. However, to achieve maximum return on investment, you n...

What Is a 1031 Exchange? Norfolk Real Estate Investment Expert Answers

By Lisa Doud MPM® RMP® Friday, August 27, 2021

Although property owners in Virginia might want to sell their investment property due to cash flow or maintenance issues, if they are looking to buy another property or multiple investments properties in the area, opting for a 1031 exchange can be a better solution. A 1031 e...

Why Invest in Norfolk? Real Estate Investment Education

By Lisa Doud MPM® RMP® Friday, August 20, 2021

Residential real estate investment is always a safe choice, especially considering the recent post-pandemic growth in the sector. The main question is, where should you buy a house? Since you are purchasing a property from an investment perspective, location, accessibility, and h...

5 Tips for Effective Communication with Your Portsmouth Tenants

By Lisa Doud MPM® RMP® Friday, August 13, 2021

Communication plays a critical role in strengthening a relationship, especially that of a landlord and tenant. Several renters move out of their rental homes due to conflicts with their owners, citing lack of communication as the primary reason. Transparent, reliable, and respect...

Service Animals: What You Need to Know | Norfolk Landlord Handbook

By Lisa Doud MPM® RMP® Friday, August 6, 2021

Rental properties have strict regulations about the permissibility of pets in the vicinity. Often, this becomes a point of conflict between the owner and tenants, mainly due to the nuisance and additional damages that pets cause to the property. As a result, many landlords d...

5 Popular Features Renters Look for in a Hampton Roads Property

By Lisa Doud MPM® RMP® Friday, July 30, 2021

The demand for rental properties has increased over the last year in the Hampton Roads area, with the median rent witnessing an 8% surge. Since there is fierce competition in the Hampton Roads housing market, renters are always looking for the perfect property. Here are a few key...

How Often Should You Conduct Inspections at Your Norfolk Duplex Rental?

By Lisa Doud MPM® RMP® Friday, July 23, 2021

As a landlord, conducting regular inspections at your Norfolk duplex rental is a necessity. Regular inspections help to detect minor repairs and damages and fix them on time to avoid major expenses. In addition to protecting your investment from property damage, you also have to ...

Best Practices for Completing Tenant Maintenance Requests in Norfolk

By Lisa Doud MPM® RMP® Friday, July 16, 2021

As a Norfolk landlord, completing a tenant maintenance request is one of your most important responsibilities. Every renter deserves to live in a property that is good and worth the rent they are paying.An unchecked maintenance request can lead to unsatisfied tenants and discoura...

Rental Inspection Checklist for Norfolk Landlords

By Lisa Doud MPM® RMP® Friday, July 9, 2021

Rental property inspection is an important part of every landlord’s property management itinerary. It is your duty as a landlord to make sure that your property is being maintained by your tenants.Other than the typical move-in and move-out inspections, landlords have to ca...

The Importance of Preventative Maintenance in Your Norfolk Rental

By Lisa Doud MPM® RMP® Friday, July 2, 2021

Maintenance is an integral part of property management, especially in rental properties. Most landlords regard Norfolk rental property maintenance as a huge task. However, emergency repairs can be expensive and become a burden. The best solution to this is implementing preventati...

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