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When you own and operate rental properties, you must be prepared for all the possible expenses associated with this kind of investment. Knowing the recurring expenses can help you set aside a budget from your monthly rental income to cover these costs. However, there are some rental property expenses that are not planned, and some of them can accrue quickly, having a big impact on your bottom line. To ensure profitability, landlords should account where their money is going to know which rental property expenses they can cut down. Moreover, k…

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Buying an investment property in Maryland can be a rewarding and lucrative venture. After all, most rental investments allow a clear pathway to financial stability and long-term wealth growth. However, navigating the real estate market can seem daunting for beginners. Making a smart investment can be complicated if you’re just getting started. To help you, the experts at McKenna & Vane Property Management have written this article. Keep reading to discover the different ways to invest, essential prerequisites, and a step-by-step approach to…

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Renting out your house can be an extremely lucrative venture, and it doesn’t have to be overly complicated. However, most of the success of your rental will depend on finding reliable, long-term tenants. Maintaining a happy and satisfied tenant base can significantly boost the return on your investment. Don’t know where to get started? Don’t worry, the experts at McKenna & Vane Property Management are here to help you! In this article, we’ll go over the importance of tenant retention and provide actionable strategies for fostering long-las…

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The "implied covenant of quiet enjoyment" is a real estate term that may not be clearly covered in the leasing agreement. But tenants are afforded this right regardless of whether it is on the lease or not. The “implied covenant of quiet enjoyment” (sometimes called the implied warranty) is a law that protects a renter’s right to rent a home and enjoy peaceful habitation within it. It is essential for landlords to be aware of this covenant and fully understand it. McKenna & Vane have put together this article in the hope that all landlords…

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Investing in real estate can be an extremely lucrative venture. After all, investment properties enable you to earn a stable passive income while also building your long-term wealth. This is why many investors are choosing real estate over the stock market. While stocks, mutual funds, and ETFs can be great investments, investing in real estate has ample benefits that these choices lack. This includes a stable passive income, leverage opportunities, and even tax benefits. However, you must ensure that this investment fits your long-term goals …

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