Property Management Blog

Top 7 Costly Mistakes Virginia Rental Property Owners Make (and How to Avoid Them)

Managing a rental property in Richmond and the surrounding counties can be financially rewarding, but even experienced rental property owners routinely fall into costly traps. These mistakes rarely stem from carelessness. More often, they result from informal processes, outdated ...

Proactive Property Maintenance: Protecting Assets, Preserving Income, and Preventing Vacancies

In the world of property management, few topics cause more tension between owners and managers than maintenance. On the surface, maintenance looks like an unavoidable cost. Yet, many landlords understandably want to minimize expenses, especially when margins feel tight. But what ...

Smoke & CO Alarm Placement Checklist for Virginia Rentals

This page provides a practical placement and certification checklist for smoke and carbon monoxide alarms in Virginia rental properties.It is intended as a quick reference for owners and managers verifying compliance and inspection readiness.For the broader insurance and liabilit...

The Truth About Speed and Quality in Rental Placements

“How fast can you rent my home?”That’s the second most common question (after cost) I get from prospective clients. And it’s a fair one. As a rental property owner myself, I understand that every day a home sits vacant represents lost income.But here&rsquo...

Is the Rental Market Going Down? Here’s What’s Really Happening in Richmond, VA (April 2025 Upda...

Top Line: The rental market isn't falling. Its just getting smarter. Are you keeping up? Across the U.S., late 2024 and early 2025 is revealing a shift. After years of record-setting rent hikes, low vacancies, and bidding wars, many cities are now witnessing a market normaliz...

The Best Self-Managing Landlord Protections

Top Line: If you're reading this, you're likely a skilled professional. Would you trust a non-specialist to do your job as well as you can? #food4Thought Quick Takeaways:Reduced Vacancies: Skilled property management minimizes vacancies to ensure steady rental income.Bett...

What Residents Should Expect from a Quality Property Management Team

When you rent a home, your relationship with the property management team is key to your overall rental experience. A quality property management team ensures that your living space is well-maintained, your needs are met in reasonable time, and your rights as a tenant are respect...

Should Real Estate Investors Place Their Rental Properties in an LLC?

Top Line: For uncomplicated portfolios, robust liability insurance policies may be more suitable. As a real estate investor, one of the most important decisions you’ll make is how to structure your property ownership. Many investors are drawn to the idea of forming a ...

How PMI James River Manages Repairs and Maintenance

At PMI James River, we know that timely and effective maintenance is the backbone of successful property management. A well-maintained property not only ensures tenant satisfaction, thereby reducing turnover and cash flow disruptions, but also safeguards the value of re...

Richmond Maintenance Seasons: Year-Round Expectations for Your Property

Owning a rental property in Richmond, VA, offers incredible opportunities, but with the city’s variable climate and weather patterns, staying on top of maintenance is critical to protecting real estate investments. Each season presents its own challenges and opportunit...