Rental Property Finance & Investing

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...

Virginia Rent Payment Plan Before Eviction: When Landlords Must Offer One

Starting July 1, 2027, Virginia will require a specific group of landlords to offer a written rent payment plan before terminating a rental agreement for certain nonpayment balances. The rule does not apply to every landlord or every delinquency. It turns on the landlord's ow...

Virginia Rent Payment Methods and Processing Fee Rules

Virginia rental owners can offer online portals, ACH, cards, and other convenient ways to pay, but current law now sets a clear floor for covered residential tenancies. A compliant rent collection system has to account for the payment methods a landlord must accept, the receipts ...

The Truth About Leasing Speed in Richmond: How Vacancy Pressure Breaks Tenant Screening

“How fast can you rent my home?” is a reasonable question. Every vacant day has a cost. A faster placement, however, should come from a better leasing process, not a lower screening standard.PMI James River’s Richmond tenant-screening process is designed to move...