A qualified, property management professional in Washington, D.C. can turn a cumbersome rental property or portfolio into an easy, passive income investment. By taking over the daily operations, and becoming the point of contact for your property, a manager or management team can allow you to enjoy the benefits of a real estate investment without having to worry about any of the details.

Here are some important facts about the real estate rental market in Washington, D.C. As of 2008, the district had a population of approximately 591,833, an increase of 3.5%; however, with the daily influx of commuters, the area easily exceeds a population of one million during the work week. As part of the eight largest MSA in the nation, average residential rental rates fall between $1,002 and $2,157.

Washington D.C., the capital of the United States, is a unique city unmatched in ambience by any other place in the United States. It is driven by modern politics and business; however it also plays an important role in educating society about the history of the nation. Government jobs are obviously of utmost importance here but Washington D.C. is also a huge draw for visitors which makes tourism an equally important business in the area.

The people who spend their time in D.C. may be passionate about pursuing legal or political aspirations. Alternatively, D.C. residents and visitors may be interested in immersing themselves in the historic landmarks and monuments that make this city so rich with information. Either way, being in D.C. is like being inside the beating heart of this country’s body. With a moderate climate and a diverse culture, it’s a city that is enjoyed all throughout the year.

The city itself is of average size, with about half a million people residing there, but the larger metropolitan area is considerably bigger; approximately five million people call this part of the country home. This points to the fact that there are many more people working within D.C. than there are living there and highlights the importance of the commuting and transportation industries here.