Property Management Blog

How Do You Calculate Prorated Rent?

Renters aren't coming in droves, at least not at the beginning of 2024. Prices are 29.4% higher than before the pandemic, and rental growth has slowed since spiking in 2021.All this means is that some Chevy Chase property managers face the issue of low vacancies and lower inc...

Why Should I Look into Hiring a Property Manager in Chevy Chase, Maryland?

Is the nation's 6% rental vacancy rate causing you stress as a Chevy Chase, Maryland property owner? This rate could decrease to below 4% by 2025. Unfortunately, that means fewer renters searching for properties.With help from a Chevy Chase property manager, you can attract r...

The Criteria That Matter in a Tenant Screening Process

Eviction filings are currently over 50% above pre-pandemic levels in some parts of the US. While this is bad for tenants, it's also an issue for landlords that need tenants to turn a profit. Eviction is an arduous and expensive legal process that can drain you of a lot of you...

Tips for Planning Your Annual Property Maintenance Expenses in Chevy Chase, Maryland

Tips for Planning Your Annual Property Maintenance Expenses in Chevy Chase, MarylandLandlords, property managers, and HOA boards have a lot on their plates. Among other responsibilities, they must stay on top of maintenance, upkeep, and repairs of their properties.If not, they ri...

Leasing Management: How to Keep Great Tenants in Your Property

Imagine tenants who pay rent early, never upset their neighbors, and get along with you. You want to keep those tenants, right? Improving your tenant retention rate will give you an ongoing source of revenue.You won't have to worry about the stress of checking an applicant...

5 Rental Property Accounting Mistakes Landlords in Chevy Chase, Maryland, Must Avoid

Not taking your rental property ownership and landlord role seriously jeopardizes your entire investment. Too often, landlords do not treat their role as an investment or a business. Because of this, they become vulnerable to making rental property accounting mistakes.Look out fo...

The Dos and Don'ts of Handling Security Deposits in Chevy Chase, Maryland

As if investing in real estate wasn't risky enough, trusting renters to take care of your property and follow their lease agreements adds more risk to the mix.Luckily, landlords in Maryland can charge security deposits to mitigate some of the risks that come with renting out ...

Rental Values in Chevy Chase, MD: Why You Should Get a Rental Analysis

Rental property investing comes with huge risks including market fluctuations, negative cash flows, and low property values. When done right, investing in real estate can help owners build wealth by generating rental property income.Getting a rental analysis before investing your...

How to Calculate Rental Increases for Your Chevy Chase, Maryland Property

Rent is on the rise in Maryland and the rest of the United States. Government data shows the average rent payment increased by 12% in just 6 months.This is no surprise to landlords and real estate experts who closely follow the market. Home prices are still near record highs and ...

3 Benefits of Having Landlord Insurance for Your Chevy Chase, MD Rentals

The perks of being a landlord are well-documented. You get to earn a steady passive income, build equity in your properties, and you can always sell when the time is right and bank big profits.Top of it all, Chevy Chase, Maryland, is an attractive location for rental property inv...