Richmond Landlord & Rental Property Blog

Who Will Actually Manage Your Rental Property?

A rental owner may imagine that one property manager handles everything from the lease to a leaking faucet to the monthly statement. Some companies do operate close to that model. Others divide leasing, maintenance, accounting, renewals, resident communication, and owner support ...

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...

What Is a Property Management Company?

A property management company is a business hired by a rental owner to operate the property on the owner's behalf within an agreed scope of authority. In a full-service relationship, the company can take responsibility for recurring work such as marketing, leasing, screening,...

Rental Inspection Programs in Richmond, VA: What Landlords Need to Know

Rental inspection rules across the Richmond Metro are not one regional system. Virginia gives local governments authority to establish residential rental inspection programs, but the actual requirements depend on the city or county governing the property.For rental owners, that m...

Richmond City Rental Inspection Program: What Landlords Need to Know

Richmond City has a residential rental inspection framework, but it does not create routine municipal inspections for every rental property in the city. City Council adopted Ordinance 2025-161 on November 10, 2025, creating the Residential Rental Inspection Program, or RRIP. The ...

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 Glen Allen Rental Demand in Late 2026?

Mortgage rates are likely supporting some Glen Allen rental demand in late 2026, but the local evidence does not show a uniformly hot rental market. Higher borrowing costs can keep some would-be buyers renting longer. At the same time, Glen Allen's current rental data shows t...

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...