Category: For Sale

Do you really need a property manager?

• Will you live and work near your rental property? Northern Virginia is a very transient area. We have more than our share of military, diplomats, State Department, political appointees and academia.  If you’re getting transferred across the country or around the world, it might be a good idea to let a professional manage your rental. Even simple tasks can get complicated very quickly when you aren’t around to manage the details.
• Do you want to handle the details of property management? Some landlords look forward to the challenge of finding good tenants. Some landlords find that maintaining a property and managing details is rewarding and enjoy taking late night calls. On the other hand, if you think rental property ownership is a chore and want little or nothing to do with the day-to-day management of your properties, you should probably consider hiring help to manage your property.
• How busy are you? Even if you find hands-on management rewarding, you may not have much time to devote to your property management business.  If you’ve already got a full-plate, then the last thing you need is more to worry about, thus hiring a management company may be a good way to spend your money.
• Can you afford the cost? Let’s face it. Hiring a property management company is much more attractive option if you can afford it.  If monthly cash-flow is not an issue, you’ll likely save money by paying a property manager and writing off the expense.  But if at the end of every month cash is tight, you might not want to hire a property manager.
• Can you afford the risk? Do you understand the Virginia Residential Landlord Tenant Act? Do you know the tenant’s rights? Do you know your responsibilities?  The more you know about property management in today’s litigious culture the more you’ll understand the value of having a professional in your corner.
• Do you have access to a network of maintenance people? All properties require maintenance. When your tenant calls you in need of repair will you know who to call and what to do in a timely fashion?  If not, yo might want to consider hiring a property manager.

Market Values

Rentals in Arlington

$2,500 : 2212 Lowell St S, Arlington 22206

3 beds, 2 full baths Living area: 1,395 sq. ft. Lot size: 1,300 sq. ft. Year built: 1991 Days on Market: 2

See more in Arlington

Recent Sales at Arlington

$775,000 : 6814 27th St N, Arlington 22213

Sold on 2017-03-21

4 beds, 3 full baths Living area: 2,650 sq. ft. Lot size: 8,959 sq. ft. Year built: 1962

See more Recent Sales at Arlington

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