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PROPERTY MANAGEMENT BLOG

Tax Tips for Rental Properties Virginia Beach VA and Surrounding Area

Tax Tips for Rental Properties Virginia Beach VA and Surrounding Area

By System Saturday, April 25, 2015
Tax Incentives for Hampton Roads rental properties One of the main benefits for investing in real estate is for the tax advantage. I am going to go over a few of those benefits in no specific order of importance. I am not a tax professional, you will need to consult a tax profe...
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DO YOU NEED A REAL ESTATE LICENSE TO MANAGE RENTAL PROPERTY IN VIRGINIA?

DO YOU NEED A REAL ESTATE LICENSE TO MANAGE RENTAL PROPERTY IN VIRGINIA?

By System Tuesday, September 23, 2014
The Code of Virginia requires a license. Here is what I found when I started doing my research. Code of Virginia § 54.1-2105.2. Cease and desist orders for unlicensed activity; civil penalty. A. Notwithstanding any other provision of law, the Board may issue an o...
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WHAT IS REASONABLE WEAR AND TEAR FOR A TENANT?

WHAT IS REASONABLE WEAR AND TEAR FOR A TENANT?

By System Wednesday, September 3, 2014
When compiling a security deposit disposition you need to remember that the tenants have a right to live in the property, they do not have a right to destroy it. Before you move a tenant in, you need to make sure that your give them a list of charges that you are going to charge...
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WATER BILL, IS IT A TENANT OR OWNER’S BILL, AND WHY?

WATER BILL, IS IT A TENANT OR OWNER’S BILL, AND WHY?

By System Tuesday, September 2, 2014
When owners pay water bills in multi-family apartment buildings, tenants seem to think it is their right to us the water because they pay their rent, however what they don’t realize is that their rent may not cover their the water bill. I personally have walked in to some...
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