Blog

Investing in Maryland real estate can be a lucrative venture, and a much more stable investment than stocks. Whether it’s house flipping or purchasing a rental property, you can earn a positive gross margin in the short term, while also growing your long-term wealth. However, it’s important to note that managing an investment property takes time and dedication. Taking care of a rental property can be as time-consuming as a full-time job. That’s why many investors prefer to hire a property manager rather than self-manage their property. In addit…

Deciding to hire a property manager or do things on your own to manage your rental property business depends on a variety of factors including your availability, level of experience, personal situation, and financial considerations. We at McKenna & Vane Property Management put together this article so you are aware of the advantages and disadvantages of each and serve as a guide in making an informed decision. Property Management Duties New investors think that the equation for a rental property is straightforward. Just deduct the expenses …

For many rental property owners, the prospect of transitioning from being a part-time to a full-time landlord is an exciting and potentially lucrative endeavor. Managing rental properties on a full-time basis can provide a stable source of income and long-term financial security. However, making this transition is not without its challenges. Before you decide to manage your rental properties full-time, it’s crucial to understand the benefits and potential risks involved. Knowing the process can help you transition smoothly and have a better re…

Providing a safe rental home is included in the landlords’ duty of keeping a habitable living space for renters. After all, security is a tenant's first priority when choosing a place to call home. If you want to remain compliant with safety standards, you would need to perform property walkthroughs, consistent property inspections, and preventive maintenance to reduce further expenses. Marketing your rental unit is easier if you offer security and safety. Outside of trespassers, you also need to focus on keeping your home systems in top condit…

Being a landlord can be a rewarding venture, but it comes with its fair share of responsibilities. One of these responsibilities is conducting regular property inspections. Routine inspections are a crucial part of ensuring your investment remains profitable and well-maintained. As a landlord, it’s essential to understand the importance of different types of property inspections and how you should do them efficiently. Three Types of Property Inspections and Why They Are Important 1. Move-In Inspections A move-in inspection, also known as a pre…