How to Manage Landlord Stress in Richmond, VA

By Kelly Coffman Tuesday, May 28, 2024

Have you ever felt like you were juggling too much at once? Landlords in Richmond, VA, have a challenging job that involves more than just collecting rent.They have to keep up with maintenance and deal with unexpected emergencies. They also have to navigate tricky tenant relation...

Signs You Need to Hire a Property Management Company in Richmond, VA

By Kelly Coffman Tuesday, May 21, 2024

Are you struggling to keep up with tenant requests, maintenance issues, and legal requirements as a landlord? If so, you might be in desperate need of landlord rescue.And no, it's not a new TV show. It's a real-life method to help you cover everything from prolonged vacan...

Eviction Protection Plans for Your Rental Properties in Richmond, VA

By Kelly Coffman Tuesday, May 14, 2024

Richmond has seen upwards of 20,000 evictions in the past year alone.If you're a Richmond-based landlord, evicting one of your tenants can be incredibly stressful. For that reason, it's best to try and avoid having to do it at all costs. Of course, you've got to prior...

Is Outsourcing Your Tenant Screening Process in Richmond, VA a Good Idea?

By Kelly Coffman Tuesday, May 7, 2024

Are you struggling to find reliable tenants you can trust to pay rent on time? You're not alone. About 90% of landlords use tenant screening reports to find great renters.Unfortunately, these reports aren't always accurate or up-to-date. It can also take weeks to screen o...

Tips for Rental Property Accounting Records

By Kelly Coffman Sunday, April 28, 2024

Rental property income and expense tracking? You didn't sign up for this. You signed up to be a landlord to make passive income and possibly generate wealth over time.Whether you like it or not, rental property accounting is necessary to your end goal. If you don't know h...

Property Management: Is In-House or Third-Party Better?

By Kelly Coffman Sunday, April 21, 2024

Are you among the 60% of Americans who feel like there isn't enough time in the day to get everything done?If so, you may worry that something has to give. Lots of investors fear that they can't keep up with maintaining their rental property businesses because of their sc...

Real Estate Asset Management Best Practices That Put Money In Your Pocket

By Kelly Coffman Sunday, April 14, 2024

How long has your Richmond investment property remained empty? You're not alone in struggling to find tenants. The rental vacancy rate in the US is nearly 6.5%.With proper real estate asset management, you can generate more rental income while finding ways to save. Ready to i...

Do Property Managers Pay for Repairs?

By Kelly Coffman Sunday, April 7, 2024

In Richmond, Virginia, there is a list of things a landlord must do by law. Following housing codes, making repairs, and keeping common areas clean are just some of these things.Habitable living is a tenant's right. To follow this law, maintenance and repairs should be priori...

Which Up And Coming Neighborhoods In Richmond, VA Should You Be Investing In Now?

By Kelly Coffman Thursday, March 28, 2024

Between 2020 and 2023, around 40,000 people moved to Richmond, VA, highlighting how popular the area is becoming.Choosing the right neighborhood in Virginia is essential for growing your portfolio and earning a profit. But if you're unfamiliar with the area, you may overlook ...

What Are Typical Application Fees in Richmond, VA?

By Kelly Coffman Thursday, March 21, 2024

In the US, it costs an average of $20 to $50 to submit an application fee for a rental unit. Some landlords charge more for luxury unit applications, while owners in lower-rent areas may nix this charge altogether.If you are a landlord in Richmond, VA, you may wonder how much to ...