Property Management Blog

Tuesday, January 24, 2023

Is it Time to Add to Your Portfolio?
Property Management Blog
The market has leveled off and there certainly are some buying opportunities coming up. Even within our owner database, we will help owners sell properties when ready and those may be opportunities for you too as we will let you know about them prior to going on the market.Markets periodically change. Sometimes it is a buyer's market,...

Tuesday, December 27, 2022

Twelve Proactive Resolutions For Investors
Property Management Blog
The end of December is traditionally the time when people make plans for the New Year and make their resolutions. While it is true that many people forget their resolutions as the year progresses, here are twelve resolutions that would ensure the success of any investment at any time of the year.1 - Review property insurance yearly This r...

Tuesday, December 20, 2022

Happy Holidays Everyone!
Property Management Blog
Happy Holidays everyone!  Our team here at Richey Property Management would like to send a special message to all clients, customers, contractors, suppliers, friends and family to have a happy holiday season and all our best wishes in the new year.We hope you enjoy some time with family and friends and that you keep safe over the hol...

Tuesday, December 13, 2022

How to Secure Long Term Tenants: Northern Virginia Property Management
Property Management Blog
Keeping long term tenants in place can help you save money on your rental properties. Having someone stay for a long time gives you peace of mind that rent will come in, and you don’t have to incur turnover costs every year or two years. And, you also know that the longer they stay, the better they take care of the property. They&rs...

Tuesday, December 6, 2022

Tips on How to Handle Security Deposits for Your Northern Virginia Property
Property Management Blog
How do you handle security deposits for your Northern Virginia property? This question comes up a lot. Landlords often need help with how to disburse money, manage the requirements, and meet the timelines.  Collecting a Security DepositYour security deposit is just that: security. You have the money to fix whatever needs to be fixed ...

Sunday, December 4, 2022

Tax Deductions for your “Rental Business”
Property Management Blog
We talk about the fact that when you own a rental property, you now own a business. The home is your product, your tenant is your client. You’ve got to keep accurate records, manage expenses and keep revenue coming in the door. As a property manager, that’s our job. Record keeping is a big part of managing a business and when ...

Thursday, December 1, 2022

Home Warranties for Landlords – Are They Worth It?
Property Management Blog
Many home buyers will get a home warranty as part of their sale contract and sellers will offer it as a way to assure the buyer that if something breaks during the first year of ownership, the warranty policy will cover the expense and all will be fine.  If you are living in the property, you may be ok dealing with the hassle, time w...

Tuesday, November 29, 2022

Twelve Practical Steps to Protect Your Investment
Property Management Blog
As the New Year approaches, we want to review twelve practices that we, as a property management company, continually use to protect our clients' investment.1 - Support Fair Housing This is crucial to successful property management. This covers a vast area such as advertising, showings, tenant selection, equal opportunity practices fo...

Tuesday, November 22, 2022

Fall and Winter Tips for Renters
Property Management Blog
Cold weather is here in Virginia now and with the change of seasons comes a list of things renters need to pay special attention to. Here are a few fall and winter tips you can advise your renters about to ensure your home stays safe and warm during the colder days ahead.For the exterior:Hoses, Spigots, and SprinklersFrozen pipes can...

Tuesday, November 15, 2022

Self-Management vs. Professional Property Management in Northern Virginia
Property Management Blog
Perhaps you just bought a rental property, or maybe you own several. You may be trying to decide whether you want to manage the properties on your own, or hire a professional property manager. There are pros and cons to each option, and today we’re talking about what you need to think about when you’re trying to make this deci...

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