Richmond Property Management Blog

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,...

Good places for good habits

Each year, New Year’s resolutions start just about the same way, don’t they? With great intentions, high expectations and a burst of motivation to remake ourselves in relation to our relationships, finances or health. But how do we keep this momentum rolling when the hype of ...

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 R...

Hiring A HOA Property Manager

Hiring a property manager is an easy decision for landlords who donât want to worry about the day-to-day hassles of running a rental property. When it comes to Homeowners Associations (HOA), however, the decision isnât so cut and dry. Typically, an HOA exists...

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. ...

How to accurately value an investment property in Greater Richmond using CAPM

The current market in the greater Richmond area is making the ownership of local rental properties a very intriguing and lucrative prospect. When trying to decide whether or not you should acquire a specific rental property, it is vital to check that proper valuation on the prope...

How to be a part of the Giving Heart Community Thanksgiving Feast

The year 2020 has been one for the history books. Between the occurrence of a once in a century pandemic, unusually high social unrest and a fearsome presidential election, we as Americans have been left a little strained and stressed. Some of us have been able to weather these h...

How to Manage Security Deposits

Property managers should always require a refundable security deposit in residential property management properties. This deposit should be kept in a separate account for trust or escrow funds and will be returned to the tenant in part or in full once the tenant has moved...

How to measure the success level of your real estate portfolio

In recent blog posts, we have gone over some ways to make sure your real estate portfolio is headed in the right direction. The methods we went over in depth are as follows: Get in the game The concept of leverage Work smarter instead of harder Find properties before they are li...

Importance of Association Management Meeting Minutes

Meetings are rarely on anyoneâs list of favorite things to do â and keeping meeting minutes is even worse. However, timely, accurate minutes are important, especially if decisions are being made about your home and community. Ideally, after the conclusion of an ...