Did you know that the National Landing neighborhood is a booming real estate market? Cities like Alexandria are home to powerhouse companies like Amazon. So, it's easy to understand why a new landlord flocks to this real estate market.
But do you really want to deal with the daily tenant hassles and property repairs? If you want to relax while ensuring your ROI, a full service property management is the answer.
So, before you begin a marketing plan for tenants, give this real estate management guide a read. Understanding how to pick the right full service company protects your bottom line and gives you peace of mind.
And if you're a new landlord looking to invest in Northern Virginia and don't want to manage property, don't dismiss this guide. Having the right real estate management screen tenants is the first successful investment.
About Full Service Property Management
When searching for the proper real estate management, inquire about its history. The longer the firm's history, the more reliable the track record should be.
Our team has a long history of real estate management in the Northern Virginia area. Northern Virginia landlords can inquire more about our history, or you can let your agent get the ball rolling.
It's wise to choose companies with a long history of property management. That way, landlords can gauge how effective the company and customer satisfaction. New landlords can view our customer testimonials.
Factor the Real Estate Management Services
Unfortunately, finding the right tenants is only one aspect of real estate management. You must do background checks and filter out the viable ones from the non-viable tenants.
Tenant screening is essential to manage property. And yes, tenant screening is in our repertoire.
But seasoned full service companies offer a host of essential real estate services. For example, if you are a new landlord, find out the firm's services like marketing and rental analysis.
A caring real estate management company helps a new landlord secure profitable properties in acclaimed Northern Virginia neighborhoods like Alexandria. Currently, the vacancy rate in Alexandria, VA, is a competitive 6%.
Understand the Fee Structure
A new landlord should ask about real estate management's fees upfront. The size of the property, the services, and the location influence the fees.
While it might seem tempting to go with the cheapest services, that might not be the best long-term option. Also, real estate management fees are tax deductible. So, paying extra for an elite property management company is a wise investment.
How are Property Managers Chosen?
The right property manager is essential to the rental investment itself. So, a new landlord should ask how a property manager is chosen to manage property.
Also, what qualifications does that property manager bring to the table? Home River Group prides itself on a team with a catalog of property management experience.
More About Full Service Management
For exemplary full service, real estate agents and investors rely on Home River Group. Part of our full service package involves timely property maintenance. We only deal with licensed contractors and professionals to keep your property rental ready.
Contact Home River Group today to get started on your Northern Virginia rental analysis. We have an office in centrally located Ellicot City, Maryland.
