Owner FAQs

Under certain conditions, yes. Under Virginia law, landlords in Virginia with an owner ship interest in more than four rental units cannot refuse to rent to a tenant solely based on a housing voucher.

Virginia law requires licensure for many of the tasks required of property managers. Renters Warehouse Richmond employees are licensed appropriately according to their role.

Our office is open Monday through Friday - 9am to 5pm. We do have 24/7 coverage for any emergency maintenance issues.

Yes. Direct ACH into your account is our preferred method of owner payment.

We’re happy to provide copies of our lease package and all tenant selection criteria. However, for efficiency and owner liability protection, we conduct the tenant screening and selection process and sign the lease on your behalf.

We do. We have a deep understanding of real estate investing and are happy to assist with sales.

As long as your Tenant pays rent before the 6th of the month, you will have your proceeds before the 15th of the month. Typically, ACH deposits are made around the 12th of the month.

Tenants have multiple options for paying rent. Free online ACH payments are most popular. We also accept credit card payments, cashiers checks and money orders. Finally, we offer a PayNearMe ™ system where tenants can pay in cash at CVS, 7-Eleven, Walmart and Walgreens. Our goal is to make payment of rent as easy and hassle free as possible.

Our minimum lease duration is 12 months, however, we will seek longer term leases if pre-approved by our Owners.

Our approval process will require 1x to 2x monthly rent, depending on the qualifications of the applicant.

We can get started as soon as the property management agreement is signed. If the property is market ready and all documents are received in a timely fashion, we can have everything done within a few days.

We specialize in single-family and small multi-family residential properties.

Each of our Owners receives a monthly Owner Package which includes an Owner statement, 12-month cash flow statement and copies of any vendor invoices. Annually, we provide 1099’s for tax purposes as well as annual cash flow statements.

As the collection and maintenance of security deposits are regulated by state law, Renters Warehouse holds all security deposits in our trust accounts.