Property Management Blog

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...

Navigating Real Estate Financing: Options and Considerations in Virginia Beach

If you've been tracking real estate trends here in Virginia Beach, you know that inventory is going up but interest rates remain on the higher side. It's not a bad time to invest in rental properties, but your dollar may not stretch quite as far in 2024.Under these condit...

Myths About Rental Property Pricing

Setting the right price for a rental property can be challenging, especially for new or inexperienced landlords. Pricing too high can result in long vacancies, while pricing too low can mean missing out on potential income.Many landlords struggle to find the right balance and oft...