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Alexandria, VA Rental Market Overview
Situated on the west bank of the Potomac River, the city of Alexandria is located less than ten miles from downtown Washington D.C. The city is home to thousands of federal service and private company employees contracted to the federal government. While Washington D.C. has a population of nearly six million, Alexandria's population is only 147,391, making the nearby neighborhoods ideal for residents seeking a mid-size city environment with low crime rates and the highest ranked private schools inside the Beltway.
Alexandria's most recognizable neighborhoods are Old Town, Arlandria, Rosemont, Del Rey, North Ridge, West End and The Berg. Established in 1749, Old Town is the oldest part of Alexandria and features galleries, boutiques, restaurants and assorted historic landmarks, including the childhood home of Confederate General Robert E. Lee. Like tiny Fairlington, the neighborhood of Arlandria is a combination--or portmanteau--of the Arlington County boundary and Alexandria because it is situated on both locations. Arlandria is one of the most diverse ethnic regions of the city and the boyhood home of Foo Fighter's frontman Dave Grohl. The West End is the largest neighborhood in Alexandria with nearly 30,000 inhabitants and features the Landmark Mall or "Landmark," one of the densest residential concentrations in the city. Alexandria's oldest planned neighborhood is Rosemont, a blend of older American residential architecture that includes brick colonial, gothic revival and narrow row houses. Other neighborhoods in Alexandria include:
- Van Dom
- Potomac West
- Seminary Hill
- Taylor Run
- Braddock Road Metro
- Eisenhower East
- Southwest Quadrant
- Potomac Yard
Alexandria Virginia Property Management Companies
Location, Location, Location
Located less than ten miles from downtown Washington D.C., Alexandria lives up to the real estate 'location, location, location' axiom with affluent residents and a cost of living index that exceeds the state of Virginia average by nearly 30%. Alexandria's appeal among Beltway families is a mixture of D.C. commuting convenience, low crime rates and the proximity of some of the highest-ranked private schools in the region.
High Prices = Higher Expectations from Alexandria Tenants
While small landlords and independent investors in Alexandria usually enjoy low vacancies and tenant waiting lists, keeping pace with business and maintenance expenses is an unending challenge for cost-conscious entrepreneurs. Because many property management companies utilize a network of vendors for discount pricing on parts and services, independent landlords working with a property management company often save on expenses compared to do-it-yourself developers who call around to set up appointments with independent contractors. Property management companies working within a vendor network often enjoy priority service, so repair turnaround times are significantly reduced, resulting in higher tenant and owner satisfaction. That's a primary concern in Alexandria where people generally assume that because they're paying more for property services, they deserve prompt and professional service during property maintenance calls.
Optimize Your Time on Task
While it might be easier to collect rent checks on time from affluent Alexandria tenants, small landlords constantly need to be at their best in order to compete with large-scale developers and their in-house property management staff. That's why many independent property owners team up with property management companies to balance their workloads. Property management companies can help you with time-consuming tasks like showing properties, screening potential tenants and coordinating with outside contractors. That can give you more time to focus on big-picture business strategies--or just spend a few extra moments with your family and friends. Find out if a property management company is right for your investment. Check out the property management companies on this page and ask for your free instant quote today.