Richmond 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. ...

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 ...

Increasing Curb Appeal

Increase the value of your rental property by making some aesthetic changes and following a few simple tips. Check for concrete damage and consider making repairs. There are emerging low cost options, such as concrete lifting, to fix cracks and sunken concrete slabs as opp...

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. Thatâs a problem, isnât it? If you allow pets, there will be damage. If you donât allow pe...

More proven methods from PMI Richmond to ensure your real estate portfolio is growing

The real estate market in Richmond can be a lucrative place to invest. The market is strong, and future forecasts for southside property and other local areas indicate that it should continue to trend in a very positive direction. In our last blog, we looked at some proven m...

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 d...