Rental Property Finance & Investing

When Should Richmond Landlords Offer a Move-In Special?

Sometimes. A move-in special can be a smart leasing tool when a Richmond rental's base rent is already supportable, qualified prospects are seriously considering the home, and a temporary incentive could help it compete against similar choices. It is a poor substitute for fix...

How to Price a Rental in a Cooling Richmond Market

A cooling rental market does not mean every Richmond landlord should lower the asking rent. It means the margin for a weak launch price gets smaller. When renters have more alternatives, a property can lose attention before an owner has enough evidence to correct the position.For...

Cash Flow vs. Wealth: What Should a Rental Property Actually Produce?

Direct answer. A well-structured rental property should ideally produce durable cash flow while also building long-term wealth. But those are two different measurements. Cash flow shows what the property puts into, or takes out of, the owner's bank account today. Wealth creat...

What Do Property Management Fees Cover in Richmond?

Property management costs are easier to understand when an owner separates them into three buckets: recurring management work, event-driven management work, and property expenses. The first two compensate the management company for work it performs. The third pays for the rental ...

How Much Does Property Management Cost in Richmond, VA?

There is no single number that tells a Richmond rental owner what property management will cost. The total depends on how the management company structures its recurring services, which work is charged when particular events occur, what level of service the owner selects, and wha...

Buying a Tenant-Occupied Rental in Richmond: What to Verify Before Closing

Buying a rental with a resident already in place can look unusually attractive. The property is occupied, rent is already being collected, and the buyer may avoid an immediate vacancy, make-ready, marketing period, and leasing cycle. That can be a real advantage.But an occupied r...

Will Mortgage Rates Affect Richmond Rental Demand in Late 2026?

Mortgage rates can affect Richmond rental demand, but not in the simple way landlords sometimes assume. Elevated borrowing costs make buying a home more expensive, which can keep some would-be buyers renting longer. At the same time, mortgage lock-in can turn some would-be home s...

Virginia Rent Control Legislation: What Happened and What Comes Next

Virginia rental owners do not need another generic definition of rent control. The more immediate question is whether the General Assembly is moving closer to giving cities and counties authority to regulate rent increases.For owners using PMI James River's owner resources, t...

Virginia Rent Escrow and Habitability Claims: What Landlords Need to Know

Virginia habitability disputes can reach court in two related ways. A tenant may raise qualifying landlord noncompliance as a defense after a landlord files a nonpayment case, or the tenant may file a separate tenant assertion asking the court for relief. Rental owners dealing wi...

Virginia’s 90-Day Rent Increase Notice Requirement

Starting July 1, 2027, Virginia Code § 55.1-1204(K) will require certain Virginia landlords to give written notice of a renewal-term rent increase at least 90 days before the end of the current rental agreement term. The notice must also give the tenant a renewal-response de...