Tricities Property Management Company
Let Us Manage Your Tricities Rental Property
Do you own a rental property in the Greater Richmond Region and need expert help to manage properties? If so, then look no further than KRS Holdings!
Our property management services are designed to lessen the burden of property ownership. Currently, we serve the areas of Richmond, Hampton Roads, Virginia Beach, Northern Virginia, and Fredericksburg. In total, we manage over 4,000 properties in between these areas.
At KRS Holdings, we understand that managing a rental property can be stressful and take up all your free time. Among other things, it’s your responsibility to market the rental property and screen prospective tenants, all while collecting rent and coordinating vendors to maintain the rental unit.
Luckily for you, we can help! Our team is made up for good property managers that have been serving property owners in the Tricities for over 15 years now. This has enabled us to know the ins and outs of the local markets, thereby helping investment property owners make informed decisions.
Get in touch with us today to learn more about our property management services. You can reach us by dialing 804-409-8547. Our property managers can answer any questions you may have!Submi
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Our Tri-Cities Property Management Services
As dedicated Tri-Cities property managers, our commitment lies in providing rental owners with quality service that covers all aspects of property management.
We can help you market your property thoroughly, screen tenants meticulously, collect rent consistently, and handle your paperwork prudently.
The following are some of our Tricities property management services:
Property Marketing
Vacancies are dreaded by landlords and for good reason. They continue to generate expenses without bringing in steady income, making property ownership stressful. If you’d like to rent your property faster, KRS Holdings can help. We can find your dream tenant quickly to ensure you enjoy a secure cash flow and minimize your property management expenses.
Once you hire us as your property management partner, we’ll assign you a dedicated Tricities property manager who will walk with you every step of the way. We can rent out our properties more quickly than other investment property management companies because of our proven strategies.
Our multi-step marketing process entails doing the following:
- Drafting quality ads targeting the right tenants and reaching a large prospective tenant pool.
- Advertising on proven avenues for a wide reach. We market on social media platforms and all the top rental websites, among other things.
- Inviting multiple tenants for open houses to maximize our chances of landing the right tenant.
- Using hundreds of yard signs to expose our rentals to quality tenants.
- Brainstorming ideas regularly to better our marketing processes.
Tenant Screening
A good property manager believes in renting to the right tenants. While filling vacancies quickly is of utmost importance, we also know that doing so with better quality tenants is equally important.
Unlike some Tricities property management companies, we don’t just do a quick credit check and stop there, we follow a better screening process. We go the whole nine yards to ensure we rent to better quality tenants that guarantee you maximum profitability. Our tenant screening process examines tenants on the following important parameters:
- Credit rating. We aim to rent to tenants that have a high credit rating, which shows they are financially responsible.
- Verify employment. We aim to rent to tenants who have a solid employment history.
- Eviction history. We aim to rent to tenants with a clean eviction history. A prior eviction is often an indicator of unreliability.
- Criminal status. We avoid renting to tenants with any relevant criminal records.
- Income level. We aim to rent to tenants whose income is at least 3X the monthly rent.
It can quickly become a full-time job dealing with tenant showings and interviews. That’s where our team can help!
Rent Collection
Our property management team minimizes the potential risk of late or missed rent by providing convenient payment channels to tenants. Tenants have access to an online property management portal which they can use to make their rent payments anytime and from anywhere.
Our property management team is also strict enforcers of the lease when it comes to rent-related matters and waste no time in providing tenants who miss their rent payments with late notices. We also collect any late fees alongside the usual rent amount.
In the unlikely event that you need to evict a tenant, you can rely on our property management team to help with the legal eviction process.
Rental Maintenance
In addition we handle rent and coordinating vendors do deal with all maintenance requests. As a landlord, you have a duty to provide your tenant with a livable property, in other words, one that meets the basic health, safety, and building codes per the Virginia warranty of habitability.
When you are a DIY landlord, it can be a full-time job dealing with maintenance issues in your property. You may not have the legal knowledge and you don't want to spend all your free time putting systems in place to help you respond to every issue. At KRS Holdings, we have the knowledge and resources necessary to keep your property well-maintained.
We have a full-time in-house property management group that handles maintenance requests from tenants. This not only keeps expenses lower for you but also accelerates service response times for tenants as well.
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About Tricities, Virginia
Tri-cities is an area in the Greater Richmond area. It includes the areas of Hopewell, Colonial Heights, Petersburg, and a few adjacent counties.
Steeped in historic significance, the Tri-Cities region has blossomed to become one of Virginia’s thriving cities. Residents are able to enjoy small-town living while still being able to enjoy dynamic employment centers, cultural activities, access to educational institutions, and research hospitals.
(Source: Wikipedia)
Areas We Service
HAMPTON ROADS
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.
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