Virginia Beach Property Management Blog

What's Next After Buying Your First Rental Property in Virginia Beach, VA?

If you recently became a rental real estate investor in Virginia Beach, good job, you. According to Niche.com, it's one of Virginia's best places to live and is the #1 best suburb in the Norfolk Area. And despite its many attractive qualities, its median rent remains rela...

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

Virginia Beach is one of the hottest tourist destinations in the United States. According to the U.S. Census, the coastal city carries a full-time population of more than 453,000 people.For real estate investors, there is even more opportunity in the tourism industry. Virginia Be...

Building Strong Tenant Relations: Enhancing Communication and Satisfaction

According to loan marketplace LendingTree, about 58% of renters have disliked a landlord. Without effective tenant relationships, tenants may decide not to renew their leases. Your vacancy rate will increase, affecting your profitability.Before that happens, use these tenant sati...

Streamlining Lease Management: Tools and Best Practices for Commercial Properties

Managing commercial properties has become more challenging than ever. Economic shifts and changing work patterns are reshaping the real estate landscape.According to The Motley Fool, commercial property values have decreased by 7% in the past 12 months. Office values also experie...

TOP 50 MISTAKES LANDLORDS MAKE

The best mistakes to learn from are those made by other people! At PMI Virginia we support Hampton Roads landlords through education at the Hampton Roads Landlord Association. The video below is a recording of the HRLA November 2024 meeting where Patti Robertson present...

Rent-to-Own Homes: A Path to Homeownership in Virginia Beach, VA

The United States Census estimated that 453,649 people are living in Virginia Beach, VA. While there are a lot of things to love about living in Virginia Beach, unfortunately, the housing market isn't one of them.In this economy, many renters who want to buy a house simply ca...

Unveiling the Value: The Importance of Real Estate Appraisals in Virginia Beach, VA

In 2024, the value of U.S. real estate appraisals rose by 3.1%, according to the FHFA -- a shift that's making waves in the real estate market. If you're buying or selling property in Virginia Beach, you know how crucial it is to get an accurate picture of what a home is ...

Rental Properties: How to Find and Manage Profitable Rentals

Virginia Beach is a promising rental market that countless investors are looking into.Around 38% of the city's housing is renter-occupied. If you're looking to purchase a rental property in Virginia Beach, you'll have plenty of opportunity to fill it with great renter...

Financial Reporting Made Easy: Effective Budgeting and Reporting for Property Managers in Chesapeake...

Have you decided to turn your property in Chesapeake, VA, into a rental and manage it yourself? If so, it's a wise move. According to ZipRecruiter, landlords in the city make an average annual salary of $91,047, with the top earners taking home as much as $146,650!However, yo...

Real Estate Auctions: Buying and Selling Properties with Confidence in Virginia Beach

According to Norada's 2024 real estate report, Virginia Beach homes for sale receive an average of three offers and sell within 18 days of hitting the market. These are already highly competitive numbers, but what if buyers could get even more offers and sell even faster?Noth...