Blog | Vesta Property Management

Virginia Fair Housing Act: An Overview

Are you a landlord in Virginia who needs to stay up to date on the requirements of the Fair Housing Act? As a real estate professional, it is your duty to ensure tenants receive equal access to housing opportunities regardless of their backgrounds. You should be aware of all the laws set in place by the Fair Housing Act and any additional laws that have been implemented in Virginia to provide those who rent from you with a safe, comfortable living space. What Is the Fair Housing Act (FHA)? The Fair Housing Act is a federal law that prohibits d…

Top Tips When Buying Investment Property in Winchester

Are you considering buying an investment property in Winchester, VA? Buying rental real estate is one of the best ways to grow your wealth through passive income. Generally, rental properties have a great track record of increasing in value over time, and Winchester is no exception. However, getting into real estate investing can be tricky if you don’t clearly understand the area you are investing in. Whether you’re investing in rental properties for the first time or have been doing it for years, what makes a business thrive is proper market r…

Breaking a Lease in Front Royal, Virginia - Know the Laws

As a landlord in Virginia, you need to understand the rules about when it is legally acceptable reasons to break a lease. In this article, we will cover justified and unjustified reasons for early lease termination, so that you will be well-informed about your rights as well as your tenants’ rights. Rental Agreement in Virginia While having a solid rental agreement is essential, it is also crucial that your tenants understand their rights for legally breaking a lease and the penalties that come with unreasonably breaking the rental agreement. …

A Guide to the Eviction Process in Front Royal, Virginia

Virginia is one of the most lucrative real estate markets in the United States. With a population of over 8.6 million, the Virginia real estate market is a great location for property investors. However, owning a rental property can be overwhelming, especially if you have to deal with problematic renters. To avoid bad tenants, landlords should have a strict tenant screening process. Thorough background checks should be performed to ensure that the tenant is financially able to pay rent in a timely and regular manner. When screening tenants, i…

Virginia Security Deposit Laws

For Virginia landlords, collecting a security deposit from your tenant offers many benefits, such as the following: To cover unpaid utilities upon move-out. Usually, most or all utilities will be under the tenant’s name during the lease period. Should they fail to pay for them, Virginia security deposit law allows the landlord to make appropriate deductions from the tenant’s security deposit to cover the cost of missed utility payments. To cover missed rent payments. Nonpayment of rent is a breach of the rental contract. It’s probably one of …