Key TakeawaysThe Decision Depends on Goals and Market Conditions: Homeowners should weigh their financial objectives, lifestyle preferences, and the current real estate market when deciding whether to rent or sell. Professional Property Management Can Tip the Scale Toward Renting: Hiring a property management company can make renting...
Key TakeawaysHigh Rental Demand Across Diverse Sectors – Northern Virginia attracts tenants year-round thanks to its proximity to Washington, D.C., strong government and tech job markets, top-tier healthcare, and renowned universities.Unique Lifestyle Advantages – The region blends urban development with preserved green s...
Key TakeawaysProperty management costs typically include fees such as initial setup, monthly management, and tenant placement, with each covering essential services like rent collection, maintenance, and lease agreements.Additional fees may apply for lease renewals, inspections, evictions, or vacancies, and it’s important to review ...
Key TakeawaysNorthern Virginia Offers Diverse, High-Demand Investment Opportunities: With steady rental demand fueled by government jobs, tech industries, and strong schools, Northern Virginia presents a stable and lucrative environment for real estate investors. Neighborhoods like Arlington, Fairfax, and Alexandria are especially at...
Key TakeawaysLocation and Property Type Matter: Focus on high-demand areas and choose a property type that aligns with your investment goals and local renter demographics.Plan for Long-Term Growth: Evaluate the potential for appreciation and consider areas with ongoing community developments and infrastructure projects.Understan...
Dealing with a tenant who has trashed a rental property is a nightmare for any landlord. At Richey Property Management, we know that handling these situations effectively can help mitigate losses and make the recovery process smoother. I’ll guide you on what to do when a tenant destroys a rental property and how to protect against s...
Dealing with a tenant’s passing is an unfortunate and sensitive situation that many landlords may face at some point. It’s not something that happens often, but when it does, Richey Property Management understands how important it is to handle it with compassion and care. While I’m not a legal advisor, this guide is base...
Planning for rental property repairs is essential to maintaining a profitable investment. While some years may bring minimal maintenance, others can require huge expenses. In property management, a smart budget helps prevent financial surprises and ensures a rental stays in top shape. Here’s everything you need to know, including th...
Did you know that without renter’s insurance, even a simple accident in your rental property could cost you thousands? In property management, understanding renter's insurance is essential for protecting both you and your tenants. In this video, we’ll explore why renter’s insurance is a must-have for every landlord, ...
Tax season is here, and I know it’s not the most exciting time of year. The good news is you don’t have to dread it. You can save a lot of money by taking advantage of a few key tax tips for landlords. Let me share with you the three best ways to reduce your tax bill this year:1. Take advantage of bonus depreciation. Bonus dep...
