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PROPERTY MANAGEMENT INC BLOG

Choosing the Right Fire Alarm for your Rental Property

Hi, my name is Dave Peschio and I am the owner of PMI Richmond (http://www.glenallenpropertymanagementinc.com/) and have been managing properties in the Richmond and Henrico County area for 20 years. Today I want to talk about safety. The safety of your tenants and the protection of the investment property is a top priority for any good property manager. Having fully functioning smoke alarms installed is part of a comprehensive maintenance program. There are several options to choose from when purchasing smoke alarms to install in your rental property. I will go over the most common options here. Read More...


Winter Is Coming: Are You Ready?

A lot of work goes into preparing a property for the dangers presented by even mild winters. Adequately winterizing a property means taking precautions to protect the pipes and plumbing systems, reinforcing windows to save energy costs, inspecting roof integrity and drainage, and much more. Depending on where you live, additional or greater precautions must be taken. Keeping track of it all can be difficult, and all too often properties suffer burst pipes, leaky roofs, and other damages because these tasks are overlooked.  Read More...


Tough Renting Decisions Made Easy

Owning a rental property can be an excellent source of passive income for the property owner. However, if you try to manage your own rental property, you might find yourself struggling to make all the important decisions that go into marketing and managing a rental property. How much rent should you charge? What repairs and maintenance tasks could help you rent your property out for more? Should you allow pets?  Read More...


Screen Applicants Finding Tenants

Having the right tenants in your commercial or residential rental property can make all the difference in the world. Even a single uncooperative tenants can create situations that can cost you dozens of hours and thousands of dollars to handle. The most important thing you can do to avoid these situations is to find tenants who are qualified and cooperative from the beginning. That's why it's important to screen your tenants across more criteria than simply their ability to pay.  Read More...


Landlords: Should you allow pets?

Almost every landlord has had a tenant that owned a pet. From chihuahuas, to kittens, to enormous Great Danes, pets are part of the family to those who raise them.  Read More...


Getting Your Property Rent Ready

When renting out property, it's important to make sure that you draw in as many good tenants as possible. There are many ways to do this, but one of the most effective ways is to make sure your property is absolutely ready to be sold. Spice things up, fix imperfections, repaint the walls, anything to make your property more appealing. Here is a list of steps you can take to bring out the best in your property's appearance:  Read More...


Want to sell your property? Use a 1031 Exchange

Did you know that if you own a property that is not your primary residence, you are actually classified by the IRS as somewhat of an investor? This makes selling your property just a bit tricky, especially when it comes to the taxes which come along with it. In such cases, a large portion of your profit from the sale of the property is owned to the IRS, and is called a capital gains tax. Because of this capital gains tax, property owners are left with less profit when it comes time to sale their property.  Read More...


Spring Yard Maintenance and Cleaning

Spring time is here and spring cleaning is in full swing. Not only do the insides of our homes need inspection and cleaning, our yards also need yearly maintenance done. Often times we forget about the simple things that should be done to our home each year, so here is a list of things that should be taken care of as the weather warms up.  Read More...


Pros Cons of Keyless Entry System

When it comes to keeping your home and family safe, you want to do everything you can to protect them. Along with the rise of the smart home and automated security, keyless home entry systems have become one of the first lines of defense for savvy homeowners. If you’re thinking of adding a keyless lock to your home, here’s a breakdown of the pros and cons to help you make the right choice for your family.  Read More...


Hiring A HOA Property Manager

Hiring a property manager is an easy decision for landlords who don’t want to worry about the day-to-day hassles of running a rental property. When it comes to Homeowners Associations (HOA), however, the decision isn’t so cut and dry.  Read More...