Home Buying in 23220>Question Details

George,  in The Fan, Richmond, VA

What are the typical property management rates charged by companies in the Fan/Museum district? Do these companies typically have prenegotiated rates?

Asked by George, The Fan, Richmond, VA Thu Mar 18, 2010

with contractors for maintenance?

Help the community by answering this question:



If you are a property owner with only one or a few properties, there are several property management companies that manage Fan and Museum District properties for "smaller" investor-owners. They might be a better "fit" than one of the larger property management companies. Additionally, I belong to an organization, the Richmond Apartment Owners Association ("RAOA"), that serves many investor-owners in the Fan and Museum District. The membership might be able to offer some guidance and suggestions for property managers. Here is the RAOA website - http://www.richmondapartmentowners.com/. Why don't you consider attending one of the monthly lunch meetings? We'd love to have you, and you would meet lots of other folks with city rental properties.

If you would like additional information about the RAOA or specific property management companies, I can be reached at:

Melissa Loughridge Savenko
RE/MAX Commonwealth
509-511 N. Meadow Street
Richmond, Virginia 23220
P: (804) 353-4455
F: (804) 612-2737
C: (804) 986-3993
E-mail: melissasavenko@gmail.com

Best of luck!
1 vote Thank Flag Link Tue Aug 10, 2010
Have you had any success in finding a Property Management Company? A friend of mine is starting a Real Estate Brokerage up and he plans to offer Property Management. Being located in The Fan your home would be appealing to many different types of Buyers and Renters. Depending on your situation a full service broker that offers property management and full brokerage might be the best fit for you.

good luck with your decision
0 votes Thank Flag Link Tue Aug 17, 2010
Most companies seem to charge around 10% of the gross rental for total management with maintenance services and full tenant vetting. Some offer a variety of services such as tenant procurement - finding and vetting a tenant, usually for a fee equal to a month of rent.
0 votes Thank Flag Link Sun Jun 27, 2010
The average property management rate is 10% of the monthly rent. There are a few companies that charge less such as Top Tier. In my experience everything is negotiable.
0 votes Thank Flag Link Fri Mar 19, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer