With potential tax law changes, more restrictive rules on evictions, and more tenant friendly legislation, some landlords are calling it quits. The low inventory and rising home prices doesn’t hurt either. So, if your landlording career is coming to an end – how do you sell your investment property and avoid paying more in taxes […]
Many homeowners have a strict no pets policy for their rental units. Reasons could be many, but some common considerations would include the potential for noise for neighbors, damage to the home, hard to remove odors, allergies, cultural or religious reasons and so on. There are no limits on restricting pets from your rental – […]
So, you created a great ad like we suggested in the last post. Now, your inbox is filling up with emails from prospective tenants that would like to see your property. How do you respond? Do you email them back with a time to meet? Do you rush out to your property to meet them? […]
Our online ads generate a lot of responses from prospective tenants. Great images and an enticing description will get you views. However, the downside to a successful online ad is that you also receive scam emails as well as unqualified prospects. A first time landlord often has trouble distinguishing a great tenant from a deadbeat […]
When investing in residential real estate there are many things that make up the overall benefit of the investment. Cashflow, value appreciation, tax depreciation and tax deductibility are a few that comes to mind. Another important element is leverage. How much or your capital is tied up in the investment and what is your monthly […]
Housing Choice Voucher tenants (or “Section 8 Program tenants”) are common in many jurisdictions in Northern Virginia. A landlord usually first becomes aware of the program when a potential renter calls up asking “Do you accept housing vouchers or Section 8?”. The question used to be – should you? Now the question is also – […]
At Soldsense we are your leasing experts. Every year we find great tenants for our landlord clients. We handle the whole process, including: Advice on preparing your unit for rent Strategy and advice on tenant requirements, pet policies, security deposits, insurance and homeowner associations. Advertising of your property Pre-screening of tenants Arranging and doing showings + […]
A stacked front-load washer/dryer is a great space-saver – particularly in a small home or condominium. The problem with a stacked unit does become apparent pretty soon when one of the units ultimately breaks down. Some repair companies will not work on stacked units or will charge extra to send two service people to your […]
There is a lot of confusion out there as to what is allowed and what is not allowed in regards to limiting occupancy. The conflict is generally between HUD (that typically deems reasonable occupancy to be 2 persons per bedroom) and local jurisdictions and building codes (that calculates reasonable occupancy based on square footage of the bedroom.) […]
Homeowners and investors in Fairfax County are well aware that with home ownership comes the obligation to pay real estate taxes. However, what is not as well known is that those of us that rent out homes we own (investment properties) may also owe BPOL taxes. BPOL-what you say???? If you own a small business […]