Property Management Blog

Decrease Vacancy With Creative Leasing Strategies in Richmond, VA

Vacancy rates can be a property owner's worst nightmare, draining income, increasing maintenance costs, and turning once-thriving rentals into financial burdens. However, there is hope.By employing innovative rental leasing strategies, you can ensure your properties are occup...

Legal and Optional Tenant Maintenance Responsibilities

Renters in Virginia have more than just the right to a habitable home—they also have legal obligations to help maintain it. These responsibilities are clearly outlined under the Virginia Residential Landlord and Tenant Act (VRLTA) and are designed to protect the living...

Essential Tips for First-Time Landlords in Richmond, VA

As reported by Axios.com, CNN named Richmond, Virginia, the #1 best town to visit in 2024. The state's capital city received praise for its museums, impressive arts and culture scene, festivals, restaurants, and neighborhoods, among many others.The same positive characteristi...

Is Outsourcing Your Tenant Screening Process a Good Idea in Richmond, VA?

Did your last tenant pay rent late, damage the property, or cause you unnecessary stress? Don't rush to choose your next renters. Instead, outsource your tenant screening process.According to Consumer Reports, nine in 10 landlords use tenant screening reports. However, many o...

What's Next After Buying Your First Rental Property in Richmond, VA?

According to US Census data, landlords earn an average of $97,000 annually. As a real estate investor, you could earn even more by applying the right real estate investment strategies to multiple properties.Leveraging technology, tracking market trends, and outsourcing tasks can ...

Tips to Attract Tenants in a Tough Richmond, VA Market

In a challenging rental market in Richmond, VA, attracting tenants can feel like a major feat.The city's competitive real estate landscape means landlords must stand out and grab renters' interest right away.The good news is that there are effective property marketing str...

How to Keep Great Tenants in Your Investment Property

Around 13% of subsidized housing units in Virginia were unoccupied and in need of tenants, according to USAFacts.Holding onto great tenants is one of the best strategies for building a stable investment portfolio. When tenants stay longer, property owners reduce turnover-related ...

How Often Should a Landlord Evaluate a Rental Property's Condition? A Richmond, VA Guide

If you're a Richmond, VA landlord, rental property condition evaluations should already be part of your overall business strategy. Evaluations are not simply a matter of compliance or of keeping your properties in good shape.They are how you identify issues quickly and b...

How to Manage Landlord Stress: Advice for Richmond, VA Landlords

There's nothing to be ashamed of if you have a good cry every once in a while. Some surveys have determined that even men cry about four times a month.Landlords especially have many good reasons to cry. It's a stressful job, collecting rent, arranging for property mainten...