Property Management Blog

Key TakeawaysPrioritize Long-Term Tenant Satisfaction - Retaining long-term tenants requires proactive efforts like thoughtful upgrades, responsive communication, and fair treatment, all of which contribute to stronger relati... read more >>

Key Takeaways Accurate Rent Pricing Requires Market Research - To set a competitive and profitable rent, landlords must evaluate comparable properties in the same area, considering factors like location, property type, s... read more >>

Key TakeawaysMinimizing vacancy time is crucial to maximizing rental income—smart renovations that improve comfort and appeal can help attract and retain quality tenants quickly. Focus on high-ROI upgrades like kitchen ... read more >>

Key Takeaways1. High-Quality Visuals and Staging Are Essential: Professional photos taken with good lighting and from the right angles, combined with thoughtful home staging, significantly increase tenant interest and help your pr... read more >>

Key Takeaways Average Management Fees Range from 8–12%: In Lynchburg, most property management companies charge between 8% and 12% of the monthly rent. This typically includes rent collection, maintenance coordination, ... read more >>

Key TakeawaysMilitary Status Is a Protected Class in Virginia: Unlike the federal Fair Housing Act, Virginia includes military status as a protected class. Property owners must treat active service members, veterans, and their fam... read more >>

Key TakeawaysProactive Maintenance Protects Your Investment: Staying ahead of maintenance issues helps avoid costly emergency repairs, extends the life of your property’s systems, and preserves its overall value.Landlords an... read more >>

Key TakeawaysIdentify All Parties and Lease Details: Include full names of all adult tenants and specify the lease term, type (fixed or month-to-month), and property address.Set Clear Rent Expectations: Outline rent amount, due da... read more >>

Key TakeawaysSecurity Deposit Laws and Limits: Virginia security deposit law allows landlords to charge up to two months' rent for a security deposit. Tenants can also purchase damage insurance instead, as long as the total do... read more >>

Key TakeawaysKnow How Rental Agreements Work – In Virginia, a written rental agreement isn’t just a document. It can be created when a tenant signs a lease or rental agreement, pays rent, or even through a verbal agree... read more >>