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Why Real Estate Professionals Should Establish a Partnership with a Chesterfield Property Manager

Why Real Estate Professionals Should Establish a Partnership with a Chesterfield Property Manager

If you’re a real estate agent who focuses solely on helping clients buy and sell properties, you can benefit from a professional and mutually beneficial relationship with a property management company. Property managers and Realtors don’t need to compete with each other; each business is unique and requires a different skill set.
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What to Do if you Have to Move Out of your Chesterfield Home as a Military Member

Every tenant signs a lease when a property is rented, and landlords expect their tenants to fulfill the terms of that lease. However, if you’re renting a property to a member of the military and that person gets orders to leave, you’re required to let them out of the lease.

Both landlords and tenants need to understand the legal requirements of vacating a home before the lease is over because of military duties.
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Chesterfield Legal Advice – Right of Entry Laws

When you rent a property out to tenants, it’s important to remember that while you still own that property, it’s serving as someone else’s home. Your tenant has a right to privacy in that home, which means you cannot show up at any time and demand to be let inside. There are specific ways to gain access to the rental property, and you must follow the guidelines set forth in the Virginia Landlord Tenant Law.
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Should I Rent or Sell my Chesterfield Home?

Rent or Sell

Deciding to rent or sell your Chesterfield home is a big decision, and the right choice depends on your financial situation, your plans for the future, and your investment goals. Many people decide to rent out their properties when they’re not sure they want to give up the asset or they have trouble getting the sales price they want.

Talk to a professional property manager or Realtor when you’re weighing the pros and cons to each option. Enlisting the help of a professional who understands both the sales and rental market can help you make a smart decision.
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Why Background Checks are Important – Chesterfield Tenant Screening Advice

Why Background Checks are Important

Tenant background checks are important because you want to find high quality tenants who will respect your investment property and keep it clean and in good condition. If you don’t take the time to conduct a thorough background check on your tenants during the screening process, you could end up losing a lot of money and having a very frustrating experience as a landlord.

Consider the risks involved in placing a tenant who hasn’t been screened.
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How to Perform a Successful Background Check in Chesterfield, VA

How to Perform a Successful Background Check in Chesterfield, VA

Background checks are an important part of your tenant screening process. They must include several critical elements, including a credit check and a criminal history review. We recommend that you dig a little deeper and conduct a thorough background check that will give you a good idea of who is renting your property. Placing the right tenant will have a huge impact on your success as a landlord and your rental income.
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How to Handle Security Deposits for Your Chesterfield Rental Property

Tenant Screening Tips

If there’s going to be a landlord and tenant dispute, it will likely be over the security deposit. This is an area that gets complicated for many landlords, especially after a tenant moves out. Make sure you understand Virginia security deposit law; otherwise you can find yourself in court, facing a lot of legal and financial trouble.
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Handling Property Maintenance and Repairs Like a Pro – Chesterfield Property Management

Preventative maintenance will save you money and protect the condition of your investment. If you’re working with a professional property management company, you can expect your manager to inspect the property regularly and have a system in place to respond to repair needs. If you’re managing your property on your own, you need both a maintenance plan and a maintenance budget.
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How to Get Your Chesterfield Home Rent-Ready

To attract the best tenants and collect the highest rents, you’ll need to make sure your property is ready for the rental market. Many landlords rush to get it listed and then wonder why they’re not getting a lot of interest. It’s better to take the time that’s required to really prepare the home and make it rent-ready. When you offer prospective tenants a property that’s move-in ready, you’ll have better luck placing a great tenant who will take good care of the home.
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What to Expect in Your Chesterfield Rental Lease Agreement

Rental Lease Agreement

Landlords need to have a strong lease in place that lays out the expectations for the property and protects the owner, the investment, and the tenant. Many landlords make the mistake of downloading any lease template they find on the internet. This is a big mistake. The lease needs to be specific to the state of Virginia and its laws. It also needs to be specific to your rental property.

There are a few things you should absolutely expect to see in your lease agreement.
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