Bam!
Just like that, we’re halfway through 2021.
While rental agreements may seemingly start and end at any point during the year, the midway point is always a great time to assess how things are going... and, look ahead, too.
On that note, here are three things that you can be thinking about during the second half of the year amid your other property management duties.
1) Get your property valuated (particularly if it’s been a while). Perhaps it’s been a minute since you’ve had your home professionally valuated? Amid our sizzling real estate market – and perhaps following some major enhancements/upgrades to your property – you need to be equipped with the latest value of your home. Doing so as a landlord ensures you’re priced competitively and maximizing the dough in your pocket.
2) Check in with your tenants. Perhaps at the midpoint of the year, you are at the midpoint of your rental agreement? Or perhaps you are even closer to the end date of an existing agreement and haven’t heard if a tenant wants to stay? Now is the time to get clarity and prepare for the times ahead.
3) Get your records in order for tax time. We’ve all just survived tax season. Well, the next one will be here before we know it and it’s best to get organized as soon as possible. There is no need to scramble come tax day, so ensure you have your leases, legal documents, permits, list of property improvements, insurance policies, loan documentation, title/deed and other vital documents in one handy spot.
To kick your property management efforts into high gear, give Arlington Realty Property Management a buzz today at 703-836-2525 or email mypropertymgr@gmail.com.
