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All landlords want to earn a steady income from their rental property. To achieve this, there are specific goals a landlord can try to achieve. For instance, renting to high-quality tenants and retaining them for as long as possible. Unfortunately, many landlords end up making mistakes when marketing their rentals. However, the good news is that by following the below tips, you can avoid making marketing mistakes and improve the occupancy rate for your rental! Mistake #1: Not Thoroughly Listing Your Property When trying to lease out your rental…

Are you looking to rent out your Leesburg home? If so, it’s crucial to set the ideal rent price so you can attract quality tenants and maximize your return on investment. In this article, we'll help you navigate the process of pricing your Leesburg home to rent so you can make an informed decision that works for you. From understanding the local rental market to setting competitive rates, this guide has all the tips you need to get started! Before setting the rent for your investment property, we recommend taking the following steps. Assess the…

A lease or rental agreement is a legally binding document that highlights the expectations and responsibilities of both landlords and their tenants. Leases include specific policies, clauses, and legally mandated disclosures. A solid lease agreement protects both landlords and tenants in the event one party doesn’t follow the terms of the lease. Rental agreements can also help prevent misunderstandings between landlords and tenants by outlining information related to rent payments, maintenance duties, and fees. We at DRP Management understand …

Keeping your property in great condition will help you attract high-quality long-term renters and keep your investment safe! That’s why frequent property inspections and maintenance are a must. In this article, the team from DRP Management has put together tips to guide you through maintaining your rental property, helping you safeguard your property from emergency issues. Landlord’s Maintenance Duties and Responsibilities Landlord-Tenant Law dictates most of the landlord and tenant responsibilities mentioned in this article. However, it’s impo…

To ensure your rental property is profitable, it’s important to attract and keep high-quality tenants for the long term. Frequent Tenant turnover can result in you having to pay excess amounts for advertising, end of tenancy cleaning, and other maintenance costs. Fortunately, the experts at DRP Management have put together a useful guide that will help you attract and retain long-term tenants! To increase your tenant retention and attract high-quality renters, follow the steps below. Update Your Property In competitive rental markets, it is im…