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Key Takeaways Vacant rentals carry financial, legal, and security risks that can escalate quickly without proper oversight. Damage, vandalism, and pest infestations often go unnoticed in unoccupied homes, leading to costly repairs. Professional property management reduces vacancy risks through faster tenant placement, regular inspections, and ongoing property care. Are you prepared for the consequences of leaving your rental property vacant? While it may seem harmless to have an empty unit between tenants, the reality is that a vacant rental…

When diving into real estate, many investors take the plunge without complete data, thorough analysis, or a clear understanding of potential returns. It’s not uncommon to overlook detailed forecasting or skip comprehensive research before closing a deal. But even if you’ve already bought a property, or are about to, you can still sharpen your evaluation process to make more informed decisions moving forward. At Mark Thomas Properties PM, we understand how important it is to approach every investment with clarity and strategy. No matter your inv…

Do you own a rental property in Durham but are struggling to retain tenants? You’ve come to the right place! Many investors ignore that the secret to a smooth, stress-free rental experience is keeping tenants happy. Believe it or not, this is not as complicated as it sounds. Tenants want simple things: a clean and well-maintained property, to feel heard, and freedom in their rented living space. By regularly maintaining the property, listening to and addressing tenants’ concerns, and respecting their privacy, your tenants will be happier and,…

As a rental property owner, one of your most important responsibilities is to provide a safe living space for your residents. A rental that fails to meet safety standards doesn’t just put your residents at risk, it can also lead to costly fines, legal issues, and property damage. Understanding cash flow means recognizing how these setbacks can impact your bottom line and long-term profitability. But how do you know if your rental is up to code? Ensuring your property meets safety standards isn’t just about checking a few boxes. It requires a p…

The Tax season is just around the corner. And as a landlord, now is the best time to start getting all relevant documents in order. Under federal law, landlords have a duty to report all rental income on their tax returns. As per the Internal Revenue Service (IRS), rental income can take many forms other than the typical monthly rental income. Rental income can include security deposit deductions, lease agreement cancellation fees, late rent fees, and any service the tenant may have rendered in exchange for living there. Essentially, you have…