KRS Holdings, Inc. has specialized in property management since 1990. Our guiding principle has always been to maximize the value of our clients’ residential assets, while we minimize their time commitment. Apartments, single family homes, duplexes and commercial properties...all managed with excellence to attract and retain tenants.
Full Service Property Management
Leasing and Marketing
A dedicated leasing and marketing agent will work to ensure that your property is always at full occupancy. By proactively monitoring market trends and promoting your property with strategic advertising placements occupancy rates have the potential to exceed the market average.
The operations team at KRS Holdings is equipped with the necessary skills to effectively execute every day tasks and resolve any conflicts that might arise with tenants.
Our maintenance team has the necessary skills to address problems in a timely manner while minimizing your out-of-pocket costs. You can rest-assured knowing we have property maintenance technicians available year round.
The primary objective of our accounting department is to provide turnkey bookkeeping services to keep your business running smoothly. You’ll have peace of mind knowing your records are professionally managed and safeguarded.
Start getting the returns you deserve today! Contact us for a property consultation by completing the form to the right.
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The Tri-Cities of Virginia includes three independent cities … Petersburg, Colonial Heights and Hopewell. The Tri-Cities encompass an area in the Greater Richmond Region about 25 miles south of the Capital City.
Economic diversity is a hallmark of the entire Richmond-Tri-Cities region which helps to insulate it from any one, or even a few, economic fluctuations. Additionally, the Tri-Cities central geographical location benefits from growth in the surrounding regions of the Commonwealth.
Military personnel are a significant presence in the Tri-Cities area due to Fort Lee, a major U.S. Army post. This bodes well for residential rental investors as military and government employees are often transient which drives demand for rentals.
Additionally, there are significant employers in the area which provides job opportunities. Fort Lee is a major Tri-Cities area employer as well as such diverse enterprises as chemical manufacturing, quarrying and several industrial parks. That means sources of predictable income for renters.
Notably, the City of Richmond is a source for employment opportunities with the state government. This provides an added cushion from economic swings as many Tri-Cities commuters and businesses are employed by or provide services to the government.
Petersburg rental housing market is about 39 percent of all housing units. Average monthly rents are $984 … a significant 8.6 percent boost over the prior year. The vacancy rate hovers at 5 percent.
The job sector is dominated by five employment categories:
- Health Care & Social Assistance
- Retail Trade
- Accommodation & Food Services
- Public Administration
Additionally, commute to surrounding communities averages 21 minutes for those seeking employment outside Petersburg.
Colonial Heights rental housing market represents 37 percent of all housing units. Average monthly rent is right at $1,000, a 2 percent bump over the prior year. The vacancy rate holds steady at just south of 5 percent.
Job opportunities are available throughout the Tri-Cities area as outlined above. Plus, employment in the Capital City is just a 25 mile commute.
Hopewell rental housing market represents 38 percent of all housing units. Average monthly rent is right at $759, a 4 percent increase over the prior year. The vacancy rate is an enviable 3.5 percent.
Proximity to Fort Lee offers ample employment as well as job opportunities throughout the Tri-Cities area as outlined above.
KRS Holdings, Inc. has specialized in Hopewell, Petersburg, and Colonial Heights property management for almost two decades. Be sure to talk to one of our local agents before you purchase your next property to get rental analysis. Our team of dedicated agents are devoted to helping fill your vacancies, reduce turnover, and protect your investment of your rental property. Our guiding principle has always been to maximize the value of our clients’ residential assets, while we minimize their time commitment. It is because of this passion for property management that we now manage over 4,000 units over the commonwealth.
If you have a real estate investment property in any of these areas, contact us today! Our property management team would love to offer you our services and help you increase your ROI, while decreasing your stress.