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Why Hiring a Property Manager is a Smart Investment

EJF Real Estate Services - Thursday, March 18, 2021
Your time is valuable! Should you spend it on managing your DC rental properties?  How much is your time worth? If you have a full-time job, you can break down your hourly rate based on working a 40-hour week (with some room for estimated paid days off). Now, imagine paying yourself that rate to handle property maintenance, ...

The Best Rental Property Upgrades in Washington DC

EJF Real Estate Services - Thursday, March 11, 2021
Even the most competitive homes in the DC market need updates from time to time. Staying competitive (and meeting your financial goals) is only possible when your DC rowhomes for rent deliver what millennials want and what other renters look for in a local rental home. An out-of-date property won't attract renters or support a ...

Quick Guide to Property Inspections

EJF Real Estate Services - Thursday, March 4, 2021
A proactive maintenance plan is only one part of a well-rounded strategy to protect your rowhomes for rent in Washington DC. While routine maintenance and prompt, quality repairs are important, keeping an eye on your rentals (and renters) also requires an inspection plan.  If you aren't routinely putting your eyes on your ...

Investing Basics: Insight From Property Management in D.C.

EJF Real Estate Services - Thursday, February 25, 2021
Whether you own one D.C. rental property or you have a more extensive portfolio of many types of rentals, the basics of successful investing never change. When investors master the fundamentals of successful real estate investment, they can replicate the success with almost any property in any market. As with any investment or ...

Can You 'Overdo' Rehab for a Condo for Rent in D.C.?

EJF Real Estate Services - Thursday, February 18, 2021
Do you have the nicest condo for rent in D.C.? While D.C. certainly has room for luxury rentals, it's still possible to 'overdo' updates and upgrades to your property to the point that you may not be able to recover their cost through the rent. There's a distinct financial difference between revenue-generating property upgrades ...

Long-Distance Investing Is Possible With Property Management in D.C.

EJF Real Estate Services - Thursday, February 11, 2021
Tapping into the Washington, D.C. real estate investment market is a smart idea for investors who want to grow large portfolios and build significant long-term wealth—but what if you don't live here? No matter where you live, D.C. rowhomes for rent are available to anyone with the right team. Growing a real estate portfolio out ...

Should Renters Insurance Be Mandatory for D.C. Rowhomes for Rent?

EJF Real Estate Services - Thursday, February 4, 2021
We help real estate investors apply the best strategies to maximize their income in the Washington, D.C. rental market. One question we often hear from property owners is, 'Should I require my residents to carry renters insurance?' In our opinion, as experts in full-service property management and community association ...

Allowing Prepayments: Insight From Community Association Management

EJF Real Estate Services - Thursday, January 28, 2021
Accepting prepaid rent can be excellent for your cash flow—but terrible for business if you fail to handle it with care. When a renter (or potential renter) offers to pay several months of rent in advance, investors should proceed with caution before accepting the influx of cash. Should investors ever let a renter prepay? As a ...

EJF Real Estate Services | Real Estate Entities: What You Need to Know

EJF Real Estate Services - Thursday, January 21, 2021
When you own Washington D.C. homes for rent, you're a business owner. Even if real estate investments aren't your primary career, operating rental properties in the D.C. area is a business that benefits from the legal protections of a business entity.  In Washington, D.C., investors also need a specific business license to ...

'Can I Pick Only Female Renters for My D.C. Rowhomes for Rent?'

EJF Real Estate Services - Thursday, January 14, 2021
Who are your favorite renters? When you think through all of your D.C. rowhomes for rent and the residents you've had over the years, women might come to mind as the most responsible, rule-following, pay-on-time renters—making them your favorites. As much as you might prefer to rent only to females (rather than risk trusting ...

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