Strategies for Getting Into Real Estate Investment With Little Money

The average price for a property in the USA is over $500,000. This leads many people to think that unless they can find a bargain property, they won't be able to invest in real estate.This isn't necessarily true. In fact, you can invest in real estate with even a modest s...

Overview of the Services Provided by Property Maintenance Companies

The average rent in Richmond increased by 8.8% in 2022 compared to the previous year. The high demand for rentals is one of the reasons behind this.Once you find your perfect property, you've got some work to do. Every type of property requires ongoing maintenance if you want...

3 Steps For Managing Security Deposit Refunds

Having tenants in our rental properties can be great things when we go through the proper suggested tips to find the perfect fit, but just like in anything, there can be ups and downs. Sometimes we find ourselves in situations that are not ideal and we have to start askin...

5 maintenance check-ins your tenants will actually thank you for

Landlords! One of your most pressing responsibilities is making sure your property is properly maintained. However, sometimes the inherent awkward business relationship a landlord and a tenant can sometimes develop can get in the way of making sure all your tenant’s needs are m...

5 ways to retain good tenants

Every landlord knows that good tenants are a truly wonderful thing! Being able to maintain good tenants is the goal for every landlord. When you can get tenants to re-sign a lease year after year, you are reducing the amount of time your investment property is lying vacant, and t...

A guide on how to finance an investment property from PMI Richmond

Investors are often looking for ways to create passive income. The real estate market in Richmond VA is a very viable option for creating this kind of residual income. However, one of the barriers to entry is that in order to buy real estate you are typically required to have a s...

Breaking the Lease

Most tenants sign a lease for a year at a time. This ensures that for that year, a steady income can be counted on and decisions for either finding new tenants or continuing a lease can be thought out and planned on. This helps landlords rest easy in tenant stability for ...

Choosing the Right Fire Alarm for your Rental Property

Hi, my name is Dave Peschio and I am the owner of PMI Richmond (http://www.glenallenpropertymanagementinc.com/) and have been managing properties in the Richmond and Henrico County area for 20 years. Today I want to talk about safety. The safety of your tenants and the protection...

Common mistakes landlords make when hiring a property management firm

There are certainly some financial perks to being a landlord. However, if you try to do it by yourself, you could end up overworked to the point that the extra money doesn’t really seem worth it. That’s why so many landlords choose to hire a property manager. This way they ca...

Fair housing during the pandemic

Believe it or not, the pandemic era we're currently living in could be the best reason yet to hire a property management company. In a time where laws are changing quickly, it's smart to cover all your bases as a landlord. Utilizing the services of a property management company l...