Richmond Property Management Blog

The Virus’ Impact on Your Rental Investment

Peak Property Management - Monday, March 16, 2020
Property Management Blog
There’s a lot of uncertainty right now as to how impactful this virus will be on our health and local economy.  Our team studies property management on a local and national level for trends, variances, opportunities, and potential risks.  We are seeing things happen other places that could happen in Richmond as well.  ...

Upgrade Your Rental, Upgrade Your Rent

Peak Property Management - Monday, March 11, 2019
Property Management Blog
Investing in rental property is a business, and landlords should be focused on how to maximize their returns.In many situations, successful landlords are business owners who are able to recognize and create opportunities within existing properties.  Some of these opportunities can come to fruition without much capital expense and wil...

Marketing Your Rental Property

Peak Property Management - Tuesday, February 26, 2019
Property Management Blog
Leasing season in Richmond, Virginia is fast approaching. Spring is the most valuable time to have a rental on the market if it happens to be vacant. As the weather begins to warm, people come out of their warm homes and begin to look for more opportunity. There are more renters looking for homes, and there are generally more homes on the...

Insurance For Rental Property

Peak Property Management - Tuesday, February 12, 2019
Property Management Blog
There a various types of insurance a landlord needs to be aware of to protect themselves and their asset. As insurance coverage and regulation often changes, be sure to consult with your insurance agent on a regular basis when insuring your entity, your investment, or any property.Homeowners Insurance: Homeowners insurance covers losses a...

For Rent: Landlord Tips to Lower Your Vacancy Period

Peak Property Management - Wednesday, January 30, 2019
Property Management Blog
Owning rental property is a business. Generally speaking, revenue is earned through rent payments from a tenant. Having an empty space, whether it be an apartment unit or a single family rental, is considered a vacancy. A vacancy is like having no customers for your business. In other words, you have no revenue coming in. Vacancy is one o...

13 Questions To Ask Your Property Management Company (Before You Hire)

Peak Property Management - Monday, January 14, 2019
Property Management Blog
You are either a landlord or a prospective landlord that is interested in professional property management. This post is intended to give you a head start in knowing what basic questions to ask a property manager throughout the discovery process. As a professional property management company, we have worked with owners who ask great quest...

Need To Know: Residential Property Management Rates

Peak Property Management - Wednesday, December 19, 2018
Property Management Blog
Far too often, landlords seeking professional property management help are asking one question for the initial vetting of the service. “What is your management rate?” Unfortunately, sometimes this is the only question they are concerned with.Imagine that you are shopping for a new car. You arrive to a dealership and find a sal...

4 Best Property Management Traits

Peak Property Management - Tuesday, November 20, 2018
Property Management Blog
Property Management is easy, however being a great property manager is hard. Too many people settle for typical property managers and get burned in the process. In this article, you won’t find much about the specific practices, systems, or processes that a property management company might use to be successful. Mostly anyone can fig...

Increase Maintenance Efficiency For Your Rental Property

Peak Property Management - Tuesday, November 6, 2018
Property Management Blog
Landlords know that one of the biggest time-drains of owning rental property is the aspect of maintaining and caring for assets. This article will show you how to increase your efficiency in dealing with maintenance calls or requests for any rental property under your ownership.Know your strengths! The most important aspect of maintaining...

5 Steps to Leasing Rental Homes: How Property Management Companies Find Tenants

Peak Property Management - Tuesday, October 23, 2018
Property Management Blog
Owning a successful investment property takes a lot of time and effort. A product of that time and effort is experience, and experience is valuable! If you own a rental home and have experienced long vacancies and dread tenant turnover, this blog post is for you! We will layout the keys to an efficient leasing experience below.1: ANALYSIS...

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