As part of our property management services, all of our owners and landlords receive 1099 forms every year along with their personalized ledger report itemizing each expense and income. Why is this important? Because most landlords do not take advantage of all the tax deductions that they might be able...
For the past month, I have been helping a friend renovate her brother’s rental house. This completely unplanned renovation occurred after the tenants who had been renting the house were evicted for being four months behind in their rent. The rental house is in the Shenandoah Valley, approximately 2 hours from...
When it comes to contacting utility companies to transfer services into the name of the home owner on their behalf, Dominion Virginia Power is one of the easiest and quickest companies. By following the five steps below, this process is usually completed within 24 hours. Scan a copy of the property management...
Whether you’re renting a property or living in a home you own, winterizing is not a task you should ignore. Renters who fail to properly winterize their leased properties can be held liable for any damages that result from not taking the proper or suggested precautions. It’s easy to take...
Either by choice or unexpected circumstance you find yourself the owner of a property that is not your primary residence. Now you need to figure out exactly what you’re going to do with it. The logical choice is to rent it out; are you going to manage it yourself or hire...