Woodbridge Property Management Blog

Local Property Management News

New Landlords - we request that you read through all of our blog entries as some of the older posts contain the most important information that we’d like to share.

Procuring your FIRST ( or 2nd, or 3rd) Tenant

Michele - Sunday, July 22, 2018
Property Management Blog
As a property management company, we offer two separate services:  Tenant Procurement (referred to as Listing the Property) and Management of the property once a tenant is in place.  Most landlords take advantage of both of the services that we offer.  Sometimes, a landlord may already have a perspective tenant identif...
It is Hot and Muggy and Tenants Want to Be Put Up in a Hotel !

Michele - Friday, May 18, 2018
Property Management Blog
When I first speak with new landlords, they often share that they are worried about getting a call from tenants in the middle of the night about a toilet overflowing. Actually, we rarely have emergency toilet issues, but we do often have emergency calls from tenants with no AC. This typically happens on the first hot day of the year when ...
Involving the Landlord in the Application Decision Process

Michele - Sunday, April 8, 2018
Property Management Blog
Because many of our landlords rely on incoming rent to pay their monthly mortgage, we feel it is important for them to be involved in the application vetting process.When we screen perspective tenants, we run a credit and criminal background search, verify employment/income, and obtain rental or mortgage history. A qualified applicant wi...
You Don’t Need Us!!

Michele - Saturday, March 3, 2018
Property Management Blog
IN A PERFECT WORLD, you don’t need a property manager. In a perfect world, the tenant pays rent on-time (or early), doesn’t want to break the lease, takes good care of the home, and doesn’t have unauthorized pets or occupants in the home. …. In a perfect world, appliances don’t break down, HVAC systems don...
Tenant’s Security Deposits – Wear/Tear, Depreciation, and Legal Disputes

Michele - Sunday, July 23, 2017
Property Management Blog
Last week, a landlord who decided not to renew her lease so that she could sell the home, came into our office and said “There are scuffs on many walls in the home, please turn over the previous tenant’s entire security deposit to address those damages.” As a licensed Real Estate brokerage, and per the Virginia Reside...
Proud member of the National Association of Residential Property Managers (NARPM)

Michele - Monday, July 10, 2017
Property Management Blog
One of the most important decisions that we made 5+ years ago was to become a member of NARPM. In choosing to do so, we have committed to holding ourselves to a higher standard of business ethics, professionalism and fair housing practices. We have also committed to additional education for our staff to ensure that we are providing the hi...
Our Vendor Pool – Prompt Quality Services at Competitive Rates

Michele - Wednesday, July 5, 2017
Property Management Blog
One of the reasons that we are able to provide excellent management services is that we have developed excellent working relationships with a wide range of vendors to support all of the possible maintenance issues that could occur at our managed properties. We have working relationships with three roofers, three HVAC contractors, th...
Cash Flow and Return on Investment – It’s Complicated !

Michele - Sunday, April 2, 2017
Property Management Blog
Since most of our new landlords are “Unintentional Investors”, many make an initial calculation of their projected cash flow by taking the expected rent and subtracting their mortgage, HOA fees, and property management fees. There is much more to determining your return on investment than that! So, as our new landlords are now...
The target rental price for your home is driven by many factors….the amount of your mortgage is no...

Michele - Thursday, February 23, 2017
Property Management Blog
Last week, a homeowner who is getting ready to move across the country for a job transfer contacted us to request that we procure a tenant and begin managing his property. Our associate broker prepared a rental market analysis and suggested that we start marketing the property at $1995 based on recently rented and currently active homes i...
Strict decisions upfront lead to positive results on rental payment performance

Michele - Sunday, February 5, 2017
Property Management Blog
Over the past 9 years, we have placed over 700 tenants into our 350+ managed properties through our listing and vetting process. Only ½ of 1 percent of those tenants have been evicted. During the same time period, we began managing another 50 properties with tenants already in place. For the 50 properties where we took on managemen...

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