Property Management Blog

Steps to Becoming a Landlord in Philadelphia

By Innovate Realty & Property Management Wednesday, February 28, 2024

Renting out a Philadelphia property can be an outstanding opportunity for anyone who wants to earn consistent and recurring rental income while their asset grows in value. Being a landlord isn't for everyone, though, and if you're not sure where to start, we can help. As ...

Landlord's Guide to Normal Wear and Tear

By Innovate Realty & Property Management Wednesday, February 14, 2024

What does normal wear and tear look like? It's a term that is thrown around a lot, whether we're talking about worn clothing, cars that look their age, or rental properties. Normal wear and tear is the gradual deterioration of a property due to its intended usage. This mi...

A Tenant Damaged My Property, Now What?

By Innovate Realty & Property Management Wednesday, January 31, 2024

If you are renting out a property, it is important to know what to do if a tenant damages your rental home. This will always be frustrating for you to deal with, and the cost of repairing that damage will likely fall to you initially, until you can recover funds from the security...

Why a Move-in Property Condition Checklist is Important

By Innovate Realty & Property Management Wednesday, January 17, 2024

A move-in property condition checklist is an essential tool for anyone who has tenants living in their investment property. This checklist will create a clear record of the condition of the rental property at the time when a tenant moves in. With a move-in property condition chec...

Common Eviction Mistakes Rental Landlords Must Avoid

By Innovate Realty & Property Management Wednesday, January 3, 2024

One of the biggest rental property mistakes a landlord can make is not properly preparing for an eviction. This is an expensive mistake, and not preparing for an eviction will result in extra costs and longer delays. Evictions involve complex legal procedures, and if you're n...

How Can a Property Manager Save You Money?

By Innovate Realty & Property Management Wednesday, December 13, 2023

When it comes to leasing, managing, and maintaining your Philadelphia rental property, you may be considering whether or not to hire a professional property manager. For experienced real estate investors, this question does not require a lot of thought. Investors know that proper...

Renovations That Add Value to Your Investment Property

By Innovate Realty & Property Management Wednesday, November 29, 2023

One of the best ways to increase the value of your Philadelphia investment property is by making renovations. In the current economy, with inflation pushing up prices for everything, approaching renovations can feel challenging and potentially expensive. If you have a budget, how...

Handling Tenant and Neighbor Disputes at Your Rental Property

By Innovate Realty & Property Management Wednesday, November 15, 2023

Hopefully, you're not afraid of conflict. Landlords, when renting out property in Philadelphia, are sometimes called upon to manage tenant disputes and complaints. Maybe they're upset because their neighbors are loud or their dogs are leaving messes in the common outdoor ...

Are You Ready to Become A Philadelphia Landlord?

By Innovate Realty & Property Management Wednesday, November 1, 2023

What does it mean to be a landlord? This title comes with different definitions for different people, depending on how you approach the management of your property and what kind of experience you have with leasing and maintenance. Some landlords are extremely hands-on. They want ...

How to Build Better Relationships with Your Tenants

By Innovate Realty & Property Management Wednesday, October 18, 2023

Tenant relationships can be tricky. You want to be a friendly and approachable landlord, but you also want to establish boundaries and make sure you're holding tenants accountable to the lease agreement and their responsibilities. Dealing with tenants isn't for everyone. ...