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If you opt to be a DIY landlord, there are certain pitfalls you need to avoid. You want to avoid costly mistakes and stress from lawsuits or dealing with time-consuming evictions. Review these common mistakes DIY landlords often commit: 1. Failing to have a written lease or rental agreement Rental agreements serve to protect the interest of the landlords and set the terms and conditions properly. Foregoing a written leasing agreement can lead to potential issues when problems crop up. If you don’t have an on-hand lease for reference, it’s a…

Home safety is a vital concern for homeowners and property managers alike. It is essential for the well-being of residents and their possessions and also plays a crucial role in protecting the property's value. A safe home provides a sense of security and comfort for the residents and helps protect the property from potential risks and threats. As a property management company, McKenna & Vane understand the importance of keeping homes safe for residents and investments. In this article, we will provide tips on how to keep your home and in…

If it's your first experience leasing a property or if there is a vacancy at an ongoing rental property, it's crucial to choose a suitable rental value. The best deal will attract potential renters while simultaneously generating sufficient revenues to efficiently operate the facility. You require a clear grasp of the rental housing in Maryland to establish a reasonable rate for your investment portfolio. You can employ a variety of tactics to ensure that your rental property is reasonably priced in order to attract the best possible tenants. C…

There may be occasions when you experience a vacant apartment as a landlord. Rental properties that are vacant can result in a loss of revenue, an increase in maintenance costs, and the risk of harm from outside factors. Market trends, ineffective promotion, high rent prices, and various other factors can all contribute to vacancies. It is suggested that you develop the habit of finding new tenants before the current ones go. This guarantees a steady stream of income each month and lowers the risks connected with vacant homes. McKenna & V…

It's not always easy being a landlord. Finding quality tenants, maintaining your home, and making a profit is much easier said than done. Most landlords and real estate investors know the importance of marketing in attracting quality tenants to their properties and minimizing vacancy times. Unfortunately, they risk damaging their chances of success by making several typical errors. In commercial real estate, marketing errors can cost you leads and missed revenue prospects. We at McKenna & Vane Property Management have compiled a list of m…