Owning a rental property in the District of Columbia can be a lucrative investment, which naturally comes with an array of professional and legal responsibilities.
From federal laws and local regulations to moral and financial responsibilities, your obligations change substantially when you transition from being a homeowner to a landlord.
When you “Do It Yourself,” you’re tasked with managing the property, handling tenant relations, ensuring legal compliance, and much more.
The key questions to ask yourself when you seek to master the D.C. rental housing market include: Which property management tasks can you take on yourself, and At what point should you entrust the job to professionals? DIY Property Management Tasks Looking at things from a distance, it seems like a no-brainer to self-manage a property you have purchased.