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Norfolk, VA Rental Market Overview
Norfolk, VA Property Management Company Information
A Hub of Maritime Activity
Home to the largest naval base in the world, the residents in and around Norfolk Virginia enjoy steady employment from the American Department of Defense (DOD), BAE Systems Ship Repair and five shipyards in the area. More than half of the nearly 95,000 housing units within the city are rented and property owners in Hampton Roads, Suffolk and nearby Virginia Beach enjoy higher average rental rates than those who hold assets in other areas. Many of these tenants experience frequent transition due to fleet activity or contractor reassignment through the DOD, so some landlords and property owners in the Norfolk region experience more move-in, move-out activities along with tenant application screenings.
Find Your Best Tenants through Expedited and Accurate Application Screening Processes
Large multi-unit rental complexes in Norfolk usually enjoy the convenience of a full-time property management staff well versed in tenant application processing and screening. Small or independent landlords with limited resources often struggle with similar paperwork. Accurate tenant screening helps you sidestep the hassles and inconveniences of slow rental payments, collections and potential property damages. That's why many Norfolk property management companies specialize in tenant applicant screenings and background verifications. They can quickly sort through income and employment histories as well as criminal background checks. Most property management companies are also highly knowledgeable about eviction processing and can take care of all of the issues and concerns regarding the removal of noncompliant and unprofitable tenants. Learn more about property management companies and professional real estate services in the Norfolk area, and ask for your free instant quote today.