Property Management Blog

Mastering Portfolio Management in Richmond: Top Tips & Strategies

Becoming a rental property owner and landlord in Richmond, VA, is quite a lucrative investment venture. As pointed out by ZipRecruiter.com, landlords in Virginia's capital city earn an average of $86,375 yearly. The highest-earning positions even generate nearly $150 grand a ...

4 Ways to Optimize Leasing Management in Richmond, VA

Are you considering investing in rental property in Richmond, VA? If so, you're on the right financial track. After all, as the non-profit organization HAND points out, over half of the city's households (57%) rent.However, having a sizeable target market doesn't auto...

6 Maintenance Coordination Tips for Landlords in Richmond, VA

As a landlord in Richmond, VA, managing your properties effectively can make a world of difference. Tenants consider timely maintenance requests to be a critical factor in their overall satisfaction.Proper maintenance coordination is essential to ensuring that your tenants remain...

How to Perform a Tenant Criminal Background Check in Richmond, VA

When it comes to renting out residential properties, ensuring the safety and security of your investment is paramount.One effective way to enhance Richmond rental security is through a comprehensive tenant criminal background check. In today's competitive rental market, under...

Tips for Rental Property Accounting Records in Richmond, VA

In the US, where, according to MoneyGeek, 72% of properties are owned by individual investors, keeping your books in order is essential to staying up-to-date and competing with other investors. Mastering rental property accounting is crucial for success. Whether you're a seas...

Decrease Vacancy With Creative Leasing Strategies in Richmond, VA

Richmond's rental market is competitive, and with Virginia's rental vacancy rate sitting at 5.71% as of January 2025, according to Statista, property owners can't afford to leave their units sitting empty. A vacant property isn't just lost income; it's mainten...

Legal and Optional Tenant Maintenance Responsibilities

According to a June 2024 article by Bankrate.com, the average annual cost to own and maintain a single-family home in the U.S. has jumped by 26% from four years ago. As a result, home ownership and maintenance expenses in 2024 exceeded $18,000.As a landlord in Richmond, VA, your ...

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

Embarking on your journey as a real estate investor can be both thrilling and daunting, especially in a vibrant market like Richmond, VA, where, according to ZipRecruiter.com, landlords earn an annual average of $86,375.With the potential to build wealth and achieve financial fre...

Understanding Owner Disbursements for Richmond Property Management

Have you ever wondered how your rental property income is managed, or why certain deductions appear before your earnings are deposited? Owner disbursements are a key part of property management that every landlord should understand. These payments represent your share of rental i...

4 Solutions to Improve Rent Collection in Richmond, VA

Have late payments or inconsistent cash flow left you frustrated as a landlord? Rent collection is one of the most critical aspects of property management, yet it's often the source of the most headaches. Whether you're a seasoned landlord or just starting out in Richmond...