Property Management FAQs

We handle a ton of questions about property management services.  Renting out a property can be stressful and tiring. Most “reluctant landlords” are often in the middle of a relocation, new job, or other trying life event, and the added pressure of trying to rent out their old house has many people searching for alternatives.  Even for those landlords who are coming at it from an investment angle, there are many important considerations. Looking for a property management company is the first thing any landlord should do – regardless of experience – when a new property comes up for lease. Here are some of the frequently asked property management questions: How big is your management “territory”? Real Property Management Virginia has multiple offices and services all of Virginia. There are other franchises available nationwide. What types of property do you manage? We specialize in residential properties. While we do not handle commercial properties, we do handle both single and multi-family dwellings, up to and including apartment buildings, condos, and multi-plexes. What services do you offer? Real Property Management Virginia is a full-service property management firm. That means we handle everything from aggressively marketing your property, finding and approving tenants, collecting rents, signing and enforcing leases, inspections, maintenance, enforcing rents and even handling evictions when necessary. We are one of the few full-service management firms that focus solely on property management; most are divisions of real estate brokerages. This means you get our total focus on managing your property — every day. What are your fees? We pride ourselves on our simple, but competitive, fee structure. For single-family dwellings, we provide year-round, 24/7 service for a small percentage of gross monthly rents. This percentage is widely considered an industry standard, and you will have difficulty finding much deviation. For multi-family dwellings, please contact us for a custom quote. How do you determine the rent? As the property owner, you have the final word on what to charge for rent; however, the economic realities of the market will determine whether tenants will pay that fee. With our extensive experience in the local rental market, we can give you reliable information about the going rates, but ultimately, you get to choose your price point. How long does it take you to find a tenant? With our elaborate marketing campaigns, extensive experience, and broad pool of applicants, our average days on market for a market-ready, competitively-priced home is 26 days. For homes that are not market-ready, or that are priced above market value, filling these places can take somewhat longer. Why should I choose Real Property Management Virginia to manage my property(s)? Real Property Management Virginia represents the best value in residential property management. With our industry-leading service offering and cost-effective fees, the decision is clear!