Property Manager's Guide to Tax Time and Sending 1099s to Landlords in Richmond, VA

By Kelly Coffman Wednesday, August 14, 2024

According to the IRS, around 10.6 million people in America declared rental income on their last tax returns. If you're a landlord or a self-employed property manager, you'll be part of this number the next time the Revenue Service wants its dues.Navigating tax statements...

What's Next After Buying Your First Rental Property in Richmond, VA?

By Kelly Coffman Wednesday, August 7, 2024

According to the Internal Revenue Service, about 10.6 million Americans earn income from rental properties. If you're now one of them, congratulations! As a new real estate investor in Richmond, VA, it's important to have a plan.Otherwise, you won't maximize your new ...

4 Key Steps in a Rental Analysis in Richmond, VA

By Kelly Coffman Sunday, July 28, 2024

You can't take your rental profitability for granted, no matter how good a deal you achieved when buying your rental property. Real estate requires a systematic approach, including a comprehensive analysis to determine how you will make money from this new asset.If you are ne...

Step-By-Step Guide: For-Rent-By-Owner Tips for Success in Richmond, VA

By Kelly Coffman Sunday, July 21, 2024

The first time you fixed a bug on your computer or figured out what that annoying beeping sound was in your car, maybe you felt a small sense of satisfaction at figuring it all out without calling in the experts.If so, you'd probably thrive with a real estate approach known a...

Effective Portfolio Management Strategies for Long-Term Gains in Richmond, VA

By Kelly Coffman Sunday, July 14, 2024

If you realized a healthy profit on one rental property, imagine making a profit five, ten, or even twenty-fold once you buy more real estate in Richmond, VA. That exciting prospect leads people to pursue a full-time career as a real estate investor.But before you go down this ro...

Top 5 Reasons to Choose a Leasing-Only Service in Richmond, VA

By Kelly Coffman Sunday, July 7, 2024

Real estate might be an exhilarating challenge, but it shouldn't be overwhelming. If the everyday demands of getting a tenant for your property feel overwhelming, it's time for a plan B.Leasing-only services are a simple way to quickly get experts on the case and attract ...

Why Choose Full Service Property Management in Richmond, VA?

By Kelly Coffman Friday, June 28, 2024

It's not uncommon for most first-time landlords to be torn between self-managing their properties and hiring a full-service property management company.DIY management is an attractive prospect because it gives you full control of your property and can save you money. However,...

The Difference Between Service and Emotional Support Animals and Pets: A Guide for Richmond, VA Home...

By Kelly Coffman Friday, June 21, 2024

You're a homeowner in Richmond, navigating the intricacies of renting out your property when an applicant mentions they have an emotional support animal. Suddenly, you're grappling with questions about legal rights and property rules. What's allowed, what's not, a...

How to Screen Your Richmond, VA Rental Applicants With a Tenant Criminal Background Check

By Kelly Coffman Friday, June 14, 2024

To paraphrase a well-known song, we've all had a few regrets in life. But what if those regrets lead to a label that hangs over you for the rest of your life? That can happen to someone with a criminal record when trying to secure a property.It's one reason why a tenant c...

How to Get Tenants to Renew Their Leases in Richmond, VA

By Kelly Coffman Friday, June 7, 2024

Are most of your best tenants turning a blind eye when the time to renew their leases comes around?If that's the case, your Richmond rental property is a sinking ship. If you keep losing good tenants at the end of their leases, your operating expenses will likely increase as ...