Property Management Blog

Do Property Managers Pay for Repairs in Lynchburg, VA?

Who covers the cost when something breaks in a rental property? Do property managers pay for repairs in Lynchburg, VA, or does that responsibility fall on someone else? Whether you're a landlord, tenant, or property manager, it's crucial to know who handles repair expense...

Decrease Vacancy With Creative Leasing Strategies in Lynchburg, VA

According to Virginia Realtors, in the first quarter of 2024, Lynchburg, VA had the smallest growth in average rent across all nine metro markets. This suggests that there's a sluggish local market, which makes being a landlord difficult.Add in less-than-ideal vacancy rates, ...

Tips for Rental Property Accounting Records in Lynchburg, VA

The cost of rent is on the rise in Lynchburg, Virginia. As a landlord, you have this and many other numbers you must keep track of.Precise accounting ensures your rental business runs well, complies with Virginia rental guidelines, and more. Whether you own a single rental unit o...

Tips to Attract Tenants in a Tough Market

Cardinal News recently reported that people are moving out of Lynchburg at a faster rate than any other town west of Richmond. What does that mean for local landlords?When the population is on the decline, it creates a tough market for rental owners. With great property marketing...

Essential Landlord Tips and Tricks From the Best Property Management Lynchburg, VA Offers

Rental rates have steadily increased over the years, and in 2022, the average rent in Lynchburg, VA, was $863 for a two-bedroom apartment. Of course, rent is much higher today, especially for rental homes.Many renters look for homes for rent, as they often provide:More spaceMore ...

What is Included in a Property Management Report in Lynchburg, VA?

According to Point2, nearly 30% of renters in Northern Virginia pay over $5,000 a month.Does this fact make you curious about your own investments? A property management report is a fundamental tool for landlords and property owners in Lynchburg. It combines many aspects of prope...

Property Manager's Guide to Tax Time and Sending 1099s to Landlords

The American Rescue Plan Act of 2021 brings major benefits for low-income earners across the USA, but it has also led to changes in real estate tax reporting for landlords.From 2024 onwards, landlords must declare all income earned from rentals if it exceeds $600 per year. To com...

What Are Typical Application Fees?

Are you new to renting out your property and curious about the costs? Are you wondering, "What are typical application fees?"Navigating the rental application process can be overwhelming, especially for first-time landlords.One significant aspect is understanding tenant...

How Do You Calculate Prorated Rent?

Have you ever felt like prorating rent is akin to solving a math puzzle without the picture on the box?Surprisingly, the trick lies in understanding a simple formula that can turn this task into a straightforward calculation.We've broken down the art of prorating rent into bi...

Benefits of Online Portals for Owners and Tenants in Lynchburg, Virginia

As of 2024, roughly 95 percent of all U.S. adults have at least some access to the internet. This may take the form of a laptop, a home computer, or even a mobile device.Landlords in Lynchburg, Virginia can take advantage of this widespread internet access through the use of onli...