DID YOU KNOW that in Virginia, Property Management does not require a license? Anyone might tell you they are a property manager and hold your tenant’s rent, and your home, in their unwatched and untrained hands.
All Real Estate agents ARE required by Virginia law to be licensed and obey all rules regarding handling of client money (only a broker can hold rent and security deposits, not a real estate salesperson). But most real estate agents specialize in buying and selling homes, and do not manage properties on a day-to-day basis. While great at selling homes, most do not understand the dangers of improper tenant screening, failure to abide by terms of the lease, how to manage difficult tenants or collect late rent, how to evict, and how to troubleshoot maintenance issues without wasting your money.
We are members of NARPM (National Association of Residential Property Management) and we are held to a higher standard. We are a fully licensed Property Management Firm in Virginia.
Finding the lowest rate may seem important, until there’s a problem. It may be much more expensive in the long run if your property is in the hands of an inexperienced, and perhaps unlicensed manager.
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