Blog Post Growing Trend in

Growing Trend in "Roommate" Rentals

Over the past few months, we've seen a significant increase in applications from unrelated adults who are seeking to move-in together as roommates.  In a recent presentation to the National Association of Residential Property Managers (NARPM), Dr. Stephen Fuller, an econ...
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Blog Post New Virginia Law Impacts Tenant's Water Service Accounts

New Virginia Law Impacts Tenant's Water Service Accounts

Unlike other utility bills that remain the responsibility of the tenant, final water bills can end up as a lien on a landlord's home if they are not paid promptly by the tenant.  A new Virginia Law, which goes into effect on July 1st seeks to reduce the impact on landlor...
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Blog Post The Reality of Risky Renters

The Reality of Risky Renters

In today’s economy, a significant number of rental applicants present a credit profile that includes challenges due to job loss, income instability, or struggles with a mortgage they could no longer afford. When considering such an applicant, it is important for a landlord ...
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Blog Post Understanding Tax Benefits

Understanding Tax Benefits

Almost all landlords have heard that there are tax benefits to owning investment properties. But most do not know that major repairs or renovations may need to be depreciated over several years. In some cases, tax benefits are limited based on your level of activity/involvement o...
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Blog Post Focusing on Tenant Retention

Focusing on Tenant Retention

In a perfect world, a landlord wishes to find a tenant to move into their rental property as soon as it is available, pay rent on-time, keep the property well maintained, and continue renting until the landlord decides to sell the property or move back in.  In a previous pos...
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Blog Post Doing our Part to Create Jobs!!

Doing our Part to Create Jobs!!

Last January, during the State of the Union Address, President Obama's words inspired me to set a goal of expanding our business by 35% in order to create one new full-time job at our company. On December 5, 2011, we reached that goal and hired Lisa Cochran as our Maintenance...
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Blog Post Areas of Expertise and Professional Limitiations

Areas of Expertise and Professional Limitiations

As a member of the National Association of Residential Property Managers (NARPM), we are required to provide our customers with a disclosure of our areas of expertise as well as our professional limitations. Our firm's Principal Broker, Lee Odems, has been a licensed Realtor ...
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Blog Post Research and Understand Warranty and Insurance Limitations on Rental Properties

Research and Understand Warranty and Insurance Limitations on Rental Properties

Earlier this year, our local area experienced an earthquake, a hurricane, and severe flooding all within a few week time period.  The earthquake created cracks in basements that were not noticeable until the heavy rains resulted in floods a few weeks later.  Several of ...
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Blog Post Deciding Whether to Purchase a Home Warranty for your Rental Property

Deciding Whether to Purchase a Home Warranty for your Rental Property

When you purchase a home as a re-sale, you have the option of putting a home warranty in-place to cover unexpected expenses due to failures in appliances or systems in the home. When you transition your home from your primary residence to a rental property, you again have this op...
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Blog Post Collecting Damages From Tenants

Collecting Damages From Tenants

Last week, we petitioned the General District Court in Prince William County for a judgment against a couple who had abandoned one of the homes that we manage and left it in very poor condition. Due to damage caused by their dog and their son, all of the carpet had to be replaced...
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