Property Management Blog

Key TakeawaysA lower management fee only saves money if vacancy, repairs, and turnover remain under control.Even a small fee difference can be outweighed by one extended vacancy or costly repair.Compare how each manager handles le... read more >>

Key TakeawaysBuild your rent estimate from several comparable rental properties, using both active listings and recently leased homes when available.Give recently leased properties more weight than asking prices because they provi... read more >>

Key TakeawaysConsistent tenant screening can reduce the risk of late payments, property damage, and costly vacancies.Virginia landlords must follow applicable requirements when preparing leases, providing disclosures, collecting r... read more >>

Key TakeawaysRivermont: Higher acquisition prices and historic housing make careful condition review especially important.Midtown and Diamond Hill: Lower entry benchmarks can create value-add opportunities, but renovation costs ma... read more >>

Key TakeawaysSuccessful DIY landlording depends on clear systems for budgeting, screening, maintenance, documentation, emergencies, and turnover.Consistent policies and accurate records can reduce legal risks, prevent confusion, a... read more >>

Key TakeawaysClear qualification standards and consistent screening practices help landlords evaluate applicants fairly and reduce leasing risks.Accurate pricing, honest advertising, and a well-maintained property can attract stro... read more >>

Key TakeawaysVirginia Protects More Classes Than Federal Law: In addition to the federal protected classes, Virginia fair housing laws cover elderliness, source of funds, including income from a qualifying subsidy program, sexual ... read more >>

Key TakeawaysDeposit Rules and Limits: State law allows housing providers to charge renters up to two months' periodic rent as security. Renters may also purchase damage insurance instead, provided the combined amount stays wi... read more >>

Key TakeawaysA detailed rental agreement helps establish clear expectations for both landlords and tenants.Important lease terms can reduce misunderstandings about rent, deposits, maintenance, guests, pets, entry, and violations.V... read more >>

Key TakeawaysPet-friendly rentals can expand the applicant pool while giving owners more room to screen against written criteria.Pet rent or a one-time pet fee can add income, while refundable deposits should be treated as protect... read more >>