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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…

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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…

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As a landlord in Virginia, it is your obligation to keep yourself up to date with the rules and regulations that apply when a tenant breaks their lease early. A lease agreement is a contractually binding legal agreement when a tenant occupies a rental property. When a tenant signs the lease agreement, they agree to pay rent for the entire lease term whether or not they live in the rental unit. Sometimes circumstances occur that may force a Virginia tenant to terminate it early. Their breaking a lease early may have a legally justified reason …

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The Virginia landlord tenant law allows landlords to evict if a tenant commits actions that violate the terms of the agreement at any point during the rental period. Common grounds for tenant eviction include nonpayment of rent and excessive rental unit damage. As Virginia landlord tenant law states, a landlord must follow proper eviction procedures for the exercise to be successful. It would be illegal for a landlord to evict a tenant due to retaliatory or discriminatory reasons. Self-help eviction actions, such as removing your tenant’s pers…

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As a landlord, having tenants pay a security deposit can help provide a landlord with some cushion against potential financial damages. These can occur in any of the following ways: If a tenant moves out of their rental unit without paying the unpaid rent If a tenant moves out of their rental unit without clearing their unpaid utility bills In the case a tenant abandons a dwelling unit If a tenant (or their guest) causes negligent damage to the rental In such cases, the landlord will be able to minimize their losses by making appropriate ded…

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