Property Management Blog

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...

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 p...

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. That’s a problem, isn’t it? If you allow pets, there will be damage. If you don’t allow pets, there will probably be damage anyways. Herein lies the root of ...

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 wh...

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 ma...

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, additiona...