|Specialty||# of Agencies|
|Single House or Condo||12|
|Home Owners Association||16|
|Total Local Companies||27|
The average rent for a 3 bedroom house in Washington, DC is $2,127.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
Washington, DC Rental Market Overview
Are Independent Entrepreneurs Being Priced Out of the D.C. Market?
While investors and economist laud Washington D.C. as recession proof, independent landlords recognize that property investors pay more to conduct business here--and play by some unique and potentially expensive rules. The District remains home to affluent singles and young households with plenty of disposable income, but a majority of this clientele trends toward gentrified neighborhoods like DuPont Circle and Adams Morgan while avoiding transitional spaces. Do-it-yourself landlords looking to cash in on these renters frequently undertake row house renovations in promising neighborhoods like Petworth or Edgewood--usually in the hopes that it will be D.C.'s next Waterfront revitalization project, but in 2012 the District passed a number of the strictest green building codes in the United States. These new guidelines apply to new construction and remodels, resulting in an expense barrier that keeps small developers from competing with large property investment firms.
When Time, Money and Patience are not Enough
Helpful advice from a professional property manager can save you money and frustration in challenging markets like the District of Columbia, especially if you're juggling requests and responsibilities between several properties. Small landlords often confront concerns regarding property exposure and effective marketing, especially on limited budgets. Local property managers draw from their experiences with multiple Beltway clients, so they readily recognize proven and cost-effective marketing channels. Many property management companies also have access to contractors who are willing to reduce their fees for frequent referrals. Because many D.C. property management companies employ real estate professionals, they can often provide insight and guidance regarding new renovation restrictions and green building codes. Take back your weekends. Review our list of Washington D.C. property management profiles and request your free information today.