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Are you a real estate investor looking to expand your portfolio? Have you thought about making a venture into Newport News, Virginia? There are plenty of great areas to invest in for this coastal city in the Southeast of the United States. Newport News has become a hub for investors seeking to diversify their portfolios thanks to its thriving economy and affordable real estate market. Before entering this market, it's crucial to comprehend the factors that make Newport News a top choice for real estate acquisition. In this article, we will ex…

As one of Virginia’s largest cities, Newport News has much to offer as an option for buying investment property. With its close proximity to the James River and the Hampton Road Harbor, the area has a certain quality that simply pulls you in. Together with the quality education and healthcare offered, investing in Newport News can be a lucrative option that promises good returns in the long term. In this article, the experienced and local team from Redsail Property Management offers several neighborhoods that might just be the perfect option f…

There are numerous benefits to investing in rental properties. By making an investment property purchase, you can increase your long-term wealth and generate a monthly passive income. If you're just getting started, it helps to seek an expert’s opinion on how to maximize your investment. Your financial situation will see a drastic change once you rent out a property, but you need to put in the necessary time for study and analysis. In this article, Redsail Property Management covers the basics of acquiring an investment property in Newport News…

As a landlord, it’s imperative that you keep yourself up to date with the rules and regulations that apply when a tenant breaks their lease. A lease agreement is a contractually binding legal agreement. When a tenant signs it, they agree to pay rent for the entire lease term whether or not they live there. Sometimes circumstances occur that may force a tenant to break it early. Their reason for breaking the lease early may either be legally justified or not. Regardless of the reason, though, breaking a lease is a serious violation of the cont…

The Virginia landlord-tenant law allows landlords to evict a tenant for violating the terms of the agreement. Common grounds for tenant eviction include nonpayment of rent and excessive property damage. As a landlord, you must follow the proper eviction process for the exercise to be successful. It would be illegal for you to evict a tenant due to retaliatory or discriminatory reasons. Self-help eviction actions, such as removing your tenant’s personal belongings, are also illegal and can land you in legal trouble with your tenant. A Guide to…