19 Richmond, VA Property Management Companies

There are 19 property management companies in Richmond, VA 7 Companies specialize in Single Family property management. 13 Companies specialize in Multi-Family property management. 5 Companies specialize in HOA property management.

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

High Vacancy Rates and Lower Asking Rents Result in a Richmond Renter's Market
While the national vacancy rate stood at around 8.2% at the end of 2013, the United States Census Bureau noted that the vacancy rate in Richmond, Virginia was 11.6%. This is actually good news because an earlier American Community Survey conducted by the Bureau estimated that the 2011 rental vacancy rate for the same area was 13.2%. The American Community Study also noted that of the fifty most populous metro areas in the US, only Richmond and Buffalo-Niagara Falls had a decline (3.2%) in the average cost of rent. This decrease was partially influenced by fewer renters. Richmond was one of eleven metro area markets in the US to lose renters in this same time period. While many might assume that this was due to the recession, Richmond's unemployment rate was a low 5.2% in December 2013. The reality is that because of the nature of Richmond's economy, skilled wage earners and professionals are taking advantage of low interest rates and buying homes. 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.

How Can Independent Investors Compete?
Excess rental housing is a boon for renters who can pick and choose their amenities, especially if there are new and affordable Class A apartment units on the market. 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. To compete in Richmond you either need the deep pockets of patient institutional investors or foresight and creativity. 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. Take a moment to review our list of Richmond property management company profiles and then request your free information today.

Richmond

Property Manager Requiements in Virginia

Historical Foreclosure Rates in Richmond

Top Single Family Managers

2619 Floyd Ave , Suite 200
Richmond, VA 23220

Managing: Single-Family : Multi-Family :
"Make your real estate a truly passive investment!"
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...

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...

Top Multi-Family Managers

2619 Floyd Ave , Suite 200
Richmond, VA 23220

Managing: Single-Family : Multi-Family :
"Make your real estate a truly passive investment!"
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...

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...

Top Association Managers

3130 Fairview Park Drive Suite 200
Falls Church, VA 22042

Managing: Association :
Associa: Exceptional Community Management.
Free Quote...

3352 Old Washington Road
Waldorf, MD 20602

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

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5805 Staples Mill Rd
Richmond, VA 23228

Managing: Single-Family :
Many years of experience and dedication coupled with the latest technology.
Free Quote...

PO Box 2014
Prince George, VA 23875

Managing: Single-Family : Multi-Family : Commercial
Guaranteed qualified rental within 30 days. No Set up or advertising fees- no Hidden Fees!
Free Quote...

2727 Enterprise Parkway
Richmond, VA 23294

Managing: Single-Family : Multi-Family :
"Rely on Our Reputation, Believe in Our Character"
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...

3961 E. Stillman Parkway
Glen Allen , VA 23060

Managing: Multi-Family :
The Art of Property Management, Crafted for Your Investment
Free Quote...

10665 Stanhaven Place
White Plains, MD 20695

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...

11824 Fishing Point Drive
Newport News, VA 23606

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

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