Property Management Blog

How much does professional property management cost?

You may be wondering what it costs to hire a Richmond property management company and if it’s really worth the extra expense. Let’s first address the latter part of that sentence. Deciding whether a property management company is worth it depends a lot on your circumstances.If being a landlord is your full-time job and you hav...

Things Richmond real estate investors should do before showing a vacancy

When you have a vacancy, it’s important to reevaluate your listing. Of course, the point of listing your property is to find a tenant as soon as possible. Vacancies can be expensive, hurting your bottom line.However, if you don’t take the time to get your vacancy ready before listing, it may take a while to find a tenant. Plus...

Common mistakes landlords make when hiring a property management firm

There are certainly some financial perks to being a landlord. However, if you try to do it by yourself, you could end up overworked to the point that the extra money doesn’t really seem worth it. That’s why so many landlords choose to hire a property manager. This way they can enjoy a passive income. It also allows them to han...

Ways to maximize your rental income

Having a rental property can provide a nice source of income. However, if you’re putting in a ton of work that is filling up your downtime or tenants are coming and going, it could end up significantly reducing your earnings. Thankfully, there are ways to increase your income and even make it a passive one, meaning you can earn mone...

David Peschio Is Property Management Inc.’s 2019 Franchisee of the Year

At Property Management Inc.’s (PMI) annual summit, one hardworking franchisee was awarded with the prestigious title of “Franchisee of the Year.” This year’s winner was multi-unit franchisee Dave Peschio, who hails from Richmond, Virginia. “I know how many well-qualified owners there are in the system&md...

Top two reasons why renting is less costly than buying

Many times people don’t realize how much money they can save by renting a home. Because they make monthly rents that aren’t going toward a purchase, they think that renting is more costly. However, that’s not always true. Here are two reasons why renting is less costly than buying.1. Low-interest rates can go upYou may t...

Three ways a property manager saves you time

As a landlord, you know that managing every aspect of your rental properties can be a difficult task. Even if you have a small team to help you out, managing your property can be a huge headache. The right property management company can save you a massive amount of time and energy in countless areas. Here are just three of them.1. Screen...

Top 5 Tips Property Owners Can Do to Beautify Their Rental

The single-family home rental market is hot across the country. Richmond has the distinction of being one of the cities seeing great rental gains. If you have a rental home in the area, you need to evaluate your properties. Now is the time to give them an update to ensure you maximize your property’s potential. Consider these f...

Preventing Frozen Pipes in Richmond, And What To Do if Pipes Freeze

Hi, my name is David Peschio, and I am the owner of PMI Richmond a local property management company here in Richmond Virginia. Richmond has just experienced one of the coldest stretches in history, and I wanted to talk to you about pipes and how to prevent or at least mitigate damage from frozen pipes. We have received many calls from te...

Happy Holidays! From all of us at PMI Richmond

As the Holiday Season is upon us, we find ourselves reflecting on the past year and on our owners and tenants who have helped to shape our business in a most significant way. We value our relationship with all of you and look forward to working with you in the year to come. PMI Richmond thanks you and wishes you a Happy Holiday Season and...