Property Management Blog

The 4 Types of Rental Property Inspections

Matthew Miller - Monday, July 10, 2017

Most Richmond area property management companies will tell you that rental property inspections are not an annual or one-time event.  A lot happens during vacancy periods as well as when the property is occupied.  So the importance of these inspections can’t be overstated.  Not only are these inspections important where the condition of the property is concerned; they are extremely important to the landlord / tenant relationship.  It cements the basis of the property management service. Most property management companies will conduct up to 4 inspections over the course of a year, including the following:  Read More

6 Helpful Tips for First-Time Rental Property Investors

Matthew Miller - Friday, July 07, 2017

In most instances, an individual will get started in their careers, get married, have children, and purchase a home before they ever start investing in rental property.  But there are certain benefits that you can enjoy by starting earlier. As a younger investor, you have the advantage of time and more room for taking risks. Conversely, veteran investors have readily accessible resources and years of financial experience.  Read More

Minimizing Tension and Avoiding Conflicts Between Tenants and Their Neighbors

Matthew Miller - Friday, June 09, 2017

Landlords and property managers in the greater Richmond area are all too familiar with the tension and conflicts that oftentimes arise between your tenants and their neighbors.  However, when they have a respectful relationship, it can benefit the entire community.  Furthermore, when tenants and their neighbors have built good relationships, it makes the community safer. Unfortunately, not all tenants and neighbors “play nice” and some just can’t coexist peacefully.   Read More

Invest in Technology to Improve Responsiveness With Tenants

Matthew Miller - Saturday, June 03, 2017

Most property management companies today view their tenants as customers and believe they should be provided a superior level of service.  It’s easy to see why tenants react positively to this type of mindset, especially when you realize that it’s supported by the evidence of tenants who choose not to renew, because of a lack of service.  Those who choose to move and not renew their lease do so because of poor management and responsiveness to their needs or requests for service. That is why it is important to work with a company that is licensed, insured and experienced.   Read More

4 Reasons Why Hiring a Property Management Company Brings Big Benefits

Matthew Miller - Monday, May 22, 2017

When you first purchased your rental property, you probably did so with the idea that it would be a great way to bring in an extra stream of steady income for you and your family without having to put out a great deal of extra effort. Of course, you, like so many others, soon found out the truth; that owning a residential investment property is a great way to make money, but it also involves a lot of hard work. In today’s busy world, adding even more to our plate is probably not the best idea. Owning and self-managing a property can mean long days, longer nights, tedious tasks, and if you are not careful the expenditure of more money. Maintenance costs, fees, licenses, lost income opportunities, repairs, and possibly even litigation from simple mistakes that can turn bad very quickly.   Read More

How to Protect Your Property From Tenant Damage

Matthew Miller - Monday, May 08, 2017

One of the more important concerns of property management companies and rental property owners is tenant damage.  While a rigorous screening process can help to reduce the possibility of your property getting damaged by a bad tenant, it’s not 100% guaranteed that it won’t happen at some point in time.  However, there are certain precautions that you can take that will help you avoid a potentially disastrous situation.  The following will help protect your property from tenant damage.  Read More

How to Cope with Tenants Losing Their Jobs

Matthew Miller - Friday, May 05, 2017

As a rental property owner and landlord, there are a number of factors that you have to be concerned with. Besides collecting rents, maintaining the property, and responding to tenant complaints, there are other concerns such as what you need to do if a tenant loses their job.    Read More

3 Reasons to Market Your Rental Property Listing Online

Matthew Miller - Tuesday, April 11, 2017

Computers and the internet have proven to be extremely beneficial for a broad range of businesses in a variety of industries, including real estate and property management.  The use of blogs, social media as well as internet listings enable you to post and share valuable information regarding your rental properties.  Furthermore, utilizing the internet to advertise your properties helps you build a strong online presence while at the same time establishing you as an authority in your field.  Read More

Ways to Attract the Ideal Tenant

Matthew Miller - Thursday, April 06, 2017

As overseers of numerous rental properties, property management companies interact with hundreds of prospective tenants on a daily basis.  As the owner of the property, the same also holds true if you are managing it yourself without professional help.  The difference is that there is a higher risk that you will rent to a bad tenant compared to the caliber of individuals that property managers approve for their rental properties. The bottom line is that being your own landlord is not for everybody.  Read More

Understanding Property Management Background Screening

Matthew Miller - Monday, March 06, 2017

One of the many responsibilities performed by good property management companies is protecting the client-owner’s investment.  There are a few ways in which these firms accomplish this with the most common being a rigorous screening process.  Depending on the number of properties that they manage, some companies will process dozens of applicants during their work week.  Read More

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