Unlocking the Secrets of Effective Residential Property Management and Real Estate Investing around Richmond, VA: Expert Insights and Tips

What's Next After Buying Your First Rental Property in Richmond, VA?

According to US Census data, landlords earn an average of $97,000 annually. As a real estate investor, you could earn even more by applying the right real estate investment strategies to multiple properties.Leveraging technology, tracking market trends, and outsourcing tasks can ...

Understanding Virginia's Eviction Process and How to Navigate It

Dealing with tenant evictions is one of the most stressful situations a landlord can face. Whether it's due to non-payment of rent, lease violations, or other issues, evictions disrupt the normal flow of your rental income and can create significant financial strain. However,...

Mitigating Landlord Risk by Adding a Property Manager as Additional Insured

As a property owner, protecting your assets is a top priority. One of the most effective strategies landlords can implement is hiring a property manager to limit exposure to risks and handle the complexities of managing rental properties. To enhance this protection, add...

5 Insights for Landlords from Property Management Pros

Real estate investing can be lucrative, but effectively managing rental properties is a skill that sets successful investors apart. Property managers excel in maximizing ROI, keeping properties profitable, and maintaining tenant satisfaction. By adopting these five key insig...

Tips to Attract Tenants in a Tough Richmond, VA Market

In a challenging rental market in Richmond, VA, attracting tenants can feel like a major feat.The city's competitive real estate landscape means landlords must stand out and grab renters' interest right away.The good news is that there are effective property marketing str...

Umbrella Insurance for Multiple Rental Properties

Umbrella insurance is a valuable tool for real estate investors to mitigate liability risks. This is especially true for those who do not hold their properties under Limited Liability Companies (LLCs) as umbrella policies can provide an extra layer of protection beyond the l...

How to Keep Great Tenants in Your Investment Property

Around 13% of subsidized housing units in Virginia were unoccupied and in need of tenants, according to USAFacts.Holding onto great tenants is one of the best strategies for building a stable investment portfolio. When tenants stay longer, property owners reduce turnover-related ...

Why PMI James River Requires Contractors to Name Us as Additional Insured

At PMI James River, we prioritize protecting our clients and their assets, as well as our contractor partners. As part of this risk management strategy, we require all contractors to name PMI James River as an Additional Insured on their General Liability insurance policies, and ...

A Primer on Insurance Requirements for Contractors Working with Property Managers

Property managers operate in a complex and high-risk legal environment, where contractor compliance with insurance requirements is paramount. For companies like PMI James River, ensuring that contractors carry the necessary coverage is not just a best practice—it’s a ...

How Often Should a Landlord Evaluate a Rental Property's Condition? A Richmond, VA Guide

If you're a Richmond, VA landlord, rental property condition evaluations should already be part of your overall business strategy. Evaluations are not simply a matter of compliance or of keeping your properties in good shape.They are how you identify issues quickly and b...