Property Management Blog

The 4 Types of Rental Property Inspections

PMI Signature - Sunday, July 9, 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 whe...

6 Helpful Tips for First-Time Rental Property Investors

PMI Signature - Thursday, July 6, 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. Converse...

Minimizing Tension and Avoiding Conflicts Between Tenants and Their Neighbors

PMI Signature - Thursday, June 8, 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 r...

Invest in Technology to Improve Responsiveness With Tenants

PMI Signature - Friday, June 2, 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 ...

4 Reasons Why Hiring a Property Management Company Brings Big Benefits

PMI Signature - Sunday, May 21, 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 prope...

How to Protect Your Property From Tenant Damage

PMI Signature - Sunday, May 7, 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...

How to Cope with Tenants Losing Their Jobs

PMI Signature - Thursday, May 4, 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.   When a situation like this arises, there is an incre...

3 Reasons to Market Your Rental Property Listing Online

PMI Signature - Monday, April 10, 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...

Ways to Attract the Ideal Tenant

PMI Signature - Wednesday, April 5, 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 te...

Understanding Property Management Background Screening

PMI Signature - Sunday, March 5, 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 proce...

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