Find property management in Richmond, VA

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We know the best property managers in Richmond, VA.
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How We Help Find Your Perfect Richmond, VA Property Manager

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Review listings of top local property managers that fit your criteria
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Discuss your unique needs with the property managers
Discuss your unique needs with the property managers
Specialty # of Agencies
Single House or Condo 6
Apartment Buildings 11
Home Owners Association 5
Total Local Companies 15

The average rent for a 3 bedroom house in Richmond, VA is $1,294.00. 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.

Richmond, VA Rental Market Overview

While the national vacancy rate stood at around 8.2% at the end of 2013, the United States Census Bureau noted Richmond at 11.6% vacancy rate. This may change as more renting options become available.

Last year Richmond's old First National Bank Building on Main Street was renovated and transformed into 154 apartments. Currently the twelve-story 700 Centre building near the Richmond capitol is being renovated and another 174 apartments will be available before the end of 2014. These projects capitalize on urban core locations and the work-play-live lifestyle trend currently popular with the youngest renter demographic.

Historically Richmond has always been host to law and finance institutions, notably the U.S. Fourth Circuit Court of Appeals and the Federal Reserve Bank of Richmond. The area is the headquarters for Philip Morris, CarMax, CapitalOne and Genworth Financial. While other economies in Virginia are closely tied to the federal government, data from the U.S. Bureau of Economic Analysis indicates that federal contract awards made up only 1.9% of Richmond's gross regional product. The rest of the revenue is derived from the commonwealth and private business enterprises.

That's why a growing number of independent property owners consult with property managers before refining their rental asset portfolios. Richmond property management companies do more than specialize in marketing, accounting and maintenance coordination, they also employ real estate professionals who work directly with owners and renters. They understand the local rental market firsthand.

Richmond Renting Resources

Virginia State Legal Regulations

Historical Foreclosure Rates in Richmond

Top Single Family Managers

9464 Chamberlayne Road Ste-200
Mechanicsville, VA 23116

Managing: Single-Family : Multi-Family :
Our vision is to become a values-based leader, driven to provide innovative Property management solutions.
Free Quote...

5516 Falmouth St
Richmond, VA 23230

Managing: Single-Family : Multi-Family :
We find high quality, long term tenants quickly while maximizing your cash flow!
Free Quote...

1904 Byrd Ave, Ste 308
Richmond, VA 23230

Managing: Single-Family : Multi-Family :
Call us about our GUARANTEED RENT PROGRAM! We customize your management.
Free Quote...

Top Multi-Family Managers

9464 Chamberlayne Road Ste-200
Mechanicsville, VA 23116

Managing: Single-Family : Multi-Family :
Our vision is to become a values-based leader, driven to provide innovative Property management solutions.
Free Quote...

5516 Falmouth St
Richmond, VA 23230

Managing: Single-Family : Multi-Family :
We find high quality, long term tenants quickly while maximizing your cash flow!
Free Quote...

1904 Byrd Ave, Ste 308
Richmond, VA 23230

Managing: Single-Family : Multi-Family :
Call us about our GUARANTEED RENT PROGRAM! We customize your management.
Free Quote...

Top Association Managers

204 Washington Avenue , Suite 102
La Plata, MD 20646

Managing: Association : Commercial
The Maredith team is dedicated to providing professional, innovative, and experienced management services to each of our...
Free Quote...

5901-C Peachtree Dunwoody Road, Suite 125
Atlanta, GA 30328

Managing: Multi-Family : Association :
We successfully assist our owners and partners in strategic investments by adjusting quickly to market cycles, maximizin...
Free Quote...

2727 Enterprise Parkway
Richmond, VA 23294

Managing: Association :
Successful community management starts with the essentials! Contact Joyner Community Solutions today!
Free Quote...

Additional Richmond, VA Property Management Companies

4860 Cox Road suite 200
Glen Allen, VA 23060

Managing: Single-Family : Multi-Family :
We are the company of choice! If you have one rental property or hundreds of properties, we are your solution.
Free Quote...

1827 W. Main Street, Suite 101
Richmond, VA 23220

Managing: Single-Family : Multi-Family :
Experienced. Reliable. Local.
Free Quote...

Managing: Multi-Family : Commercial
We believe our experience in the Property Management Industry will enable us to take care of all of your needs.
Free Quote...

2A Industrial Park Drive
Waldorf , MD 20602

Managing: Single-Family : Multi-Family : Association : Commercial
Building value through management excellence.
Free Quote...

2619 Floyd Ave , Suite 200
Richmond, VA 23220

Managing: Commercial
Dodson Property Management is a full-service real estate firm that specializes in residential property management.
Free Quote...

9140 Arrowpoint Blvd. , Suite 210
Charlotte, NC 28273

Managing: Multi-Family :
Where real estate lives, works and grows
Free Quote...

8501 Mayland Drive , Suite 105
Richmond, VA 23294

Managing: Multi-Family :
Where real estate lives, works and grows
Free Quote...

1700 Wells Fargo Center , 440 Monticello Avenue
Norfolk, VA 23510

Managing: Multi-Family :
We value integrity as much as success. When our clients succeed, we succeed.
Free Quote...

130 Linden Oaks Drive
Rochester, NY 14625

Managing: Association : Commercial
Maximizing the value of our clients' real estate interests since 1971.
Free Quote...

Rental Ranking

  • What is it?
    • It measures a city's attractiveness for real estate investment.
      Higher Ranking = Higher Rental ROI Capacity.

2014 Q2 Report


All Property Management released the latest US regionally ranked data.
View report >

About Rental Ranking >
How is this Calculated >
Richmond Companies >

Top US Cities

View Full Report

The top five rental ROI cities per region

Southeast

  1. Tampa, FL
  2. Miami, FL
  3. Nashville, TN
  4. Jacksonville, FL
  5. Richmond, VA

Richmond, VA: Rental Property ROI Analysis

2014 Q2 Data Vacancy Rate Rent Variance Cap Rate Appreciation Job Growth Days on Market
Richmond 11.5% 0.54% 8.60% 6.20% 1.47% 65
75 US City Avg. 8.00% 0.57% 7.78% 5.00% 1.59% 73

You may not think that Richmond, Virginia has much in common with destinations like Bali, Rio de Janeiro and Santo Domingo, yet it just found itself among these beautiful locations on Frommer's list of Top Destinations for 2014. What's more, CNN Money gave the city an impressive 4th place position on their list of the 10 Hottest Housing Markets for 2014. If these accolades don't convince you that Richmond is an excellent place to be, we've got one more for you.

 

With the release of All Property Management Q2 2014 Rental Ranking Report, Richmond can boast being the 5th BEST city for investment in rental real estate in the Southeast, up an impressive eight spots from last quarter.

 

What data is this based on?

To calculate the All Property Management Rental Ranking Report, we explore a number of different sources, including current government housing and jobs data, as well as housing appreciation forecasts for 75 cities across the United States. We look at specific factors such as home vacancy rates, capitalization rates, home value appreciation rates, annual job growth, change in rental rates, and average days a property stays on the market to determine which U.S. cities are poised to give investors the highest return on their rental investment.

 

Richmond, Virginia, while having a high vacancy rate among the 75 Metropolitan Statistical Areas that All Property Management evaluates for the Rental Ranking Report, does quite well in the rest of the report's categories. Richmond's capitalization rate, which looks at average property value and average rental rates to determine the potential rate of return for a property, for example, is 9.71 percent. This is the fifth-highest ranking among the 75 cities. The real estate market as a whole is also quite active, with home values appreciating at a rate of 6.2 percent over the last year and the average amount of time a property sits on the market prior to being sold coming in at 65 days. For reference, San Francisco and Seattle, two of the hottest home markets in the country, have averages of 33 days on market; the highest in the study is 114 days.

 

What does a high-ranking mean?

Is owning a rental property in Richmond profitable?
Quite simply, there has never been a better time to consider rental property investment in Richmond and the surrounding areas. The combination of high capitalization rates and increasing home values suggests that owning a rental real estate investment property in Richmond will pay off financially in both the short term and long term.

 

Thinking about renting out your Richmond property? Seek the assistance of a local, qualified property manager and automate your rental profit. Get free quotes emailed to you from 5 competing Richmond property management companies to compare rates and calculate the ROI. Or call 1-877-780-4510 to speak with a representative.

 

Our team at All Property Management specializes in connecting property owners with property agents in communities across the country. Expert property managers can assist with setting rental rates, advertising your property, screening and managing tenants, collecting rent, managing vendor relationships, and ensuring you are complying with local, state, and federal housing regulations, thus taking the hassle and worry out of managing your property. We look forward to working with you and welcome the opportunity to help you with all your property management needs.