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 ...

How Do You Calculator Prorated Rent in Richmond, VA?

By Kelly Coffman Thursday, March 14, 2024

Are you hoping to invest in a rental property in Richmond, VA? It's considered one of the best places to live or retire in. As a result, one can expect sustainable population growth in the coming years.This brings many opportunities for landlords to earn a high rental income....

Why Should I Look into Hiring a Property Manager in Richmond, VA?

By Kelly Coffman Thursday, March 7, 2024

Are you still managing your Richmond, VA investment property alone? Only 45% of landlords are managing their own properties. The rest rely on property management services.With an experienced property manager at your side, you can avoid inefficiencies to maximize your rental incom...

3 Benefits of Conducting a Rental Valuation in Richmond, VA

By Kelly Coffman Sunday, February 25, 2024

With rents increasing a whopping $100 per year, it's a great time to be a property owner. If you own rentals in Richmond, VA, conducting a rental valuation is an essential task when it comes to managing your property. A rental valuation in Richmond helps determine the ma...

5 Things to Expect From Rental Property Inspections in Richmond, VA

By Kelly Coffman Sunday, February 18, 2024

Welcome to the wild world of rental property inspections in Richmond, VA, where the only thing more unpredictable than the weather is the state of your tenants' living rooms!If you're new to it, you might have no idea what to expect when it comes to rental inspections. Lu...

How to Get Started with Real Estate Investing in Richmond, VA

By Kelly Coffman Sunday, February 11, 2024

The Virginia housing market has fewer active and new listings, yet prices are still on the rise. New listings saw a 25% drop between 2022 and 2023. The number of active listings fell by 17%.You need a plan if you're new to real estate investing in Richmond, VA. Otherwise, you...

3 Tips for Hiring a Property Management Service in Richmond, VA

By Kelly Coffman Sunday, February 4, 2024

What if you never had to worry about your Richmond investment properties again? Maintenance is scheduled, rent is in your account, and your tenants are happy. With help from a Richmond property management company, it's possible.There are 296,200 property management businesses...

Tenant Evictions in Richmond, Virginia: A Guide for Landlords

By Kelly Coffman Sunday, January 28, 2024

In America, 77% of people prefer to rent their home rather than buy it. With these high numbers, as a landlord, you'll likely face the challenge of evicting a tenant at some point.Navigating the eviction process can be complex and daunting, but understanding your rights and r...

Pros and Cons of Allowing Pets in Your Richmond Rental Property

By Kelly Coffman Sunday, January 21, 2024

Allowing pets in a rental property is one of the most discussed topics for landlords. Only 67% of homeowners state that their homes are pet-friendly. As a result, there are several question marks over why so many choose not to allow furry friends indoors.You must learn the pros a...

The Dos and Don'ts of Rent Collection for Landlords

By Kelly Coffman Sunday, January 14, 2024

Rent collection is the one thing every landlord looks forward to. After a grueling month, you cannot wait for your tenants to pay their rent so that you can settle the property's bills and pay yourself.However, collecting rent isn't always a walk in the park for most land...