Property Management Blog

Tips to Attract Tenants in a Tough Market

Cardinal News recently reported that people are moving out of Lynchburg at a faster rate than any other town west of Richmond. What does that mean for local landlords?When the population is on the decline, it creates a tough market for rental owners. With great property marketing...

Essential Landlord Tips and Tricks From the Best Property Management Lynchburg, VA Offers

Rental rates have steadily increased over the years, and in 2022, the average rent in Lynchburg, VA, was $863 for a two-bedroom apartment. Of course, rent is much higher today, especially for rental homes.Many renters look for homes for rent, as they often provide:More spaceMore ...

What is Included in a Property Management Report in Lynchburg, VA?

According to Point2, nearly 30% of renters in Northern Virginia pay over $5,000 a month.Does this fact make you curious about your own investments? A property management report is a fundamental tool for landlords and property owners in Lynchburg. It combines many aspects of prope...

Property Manager's Guide to Tax Time and Sending 1099s to Landlords

The American Rescue Plan Act of 2021 brings major benefits for low-income earners across the USA, but it has also led to changes in real estate tax reporting for landlords.From 2024 onwards, landlords must declare all income earned from rentals if it exceeds $600 per year. To com...

What Are Typical Application Fees?

Are you new to renting out your property and curious about the costs? Are you wondering, "What are typical application fees?"Navigating the rental application process can be overwhelming, especially for first-time landlords.One significant aspect is understanding tenant...

How Do You Calculate Prorated Rent?

Have you ever felt like prorating rent is akin to solving a math puzzle without the picture on the box?Surprisingly, the trick lies in understanding a simple formula that can turn this task into a straightforward calculation.We've broken down the art of prorating rent into bi...

Benefits of Online Portals for Owners and Tenants in Lynchburg, Virginia

As of 2024, roughly 95 percent of all U.S. adults have at least some access to the internet. This may take the form of a laptop, a home computer, or even a mobile device.Landlords in Lynchburg, Virginia can take advantage of this widespread internet access through the use of onli...

Legal and Optional Tenant Maintenance Responsibilities in Lynchburg, Virginia

Everyone knows landlords are responsible for major maintenance, but did you know tenants are also responsible for some maintenance? The same duty of a tenant not to damage property also comes with some light property maintenance responsibilities. These are called legal property m...

Eviction Protection: What Lynchburg Landlords Need To Know

Since 2020, Lynchburg has seen over 5,000 eviction fillings.This might not sound like a lot, but Lynchburg's population is under 80,000. If you're a landlord, you know how difficult it is to find tenants you can trust. No landlord ever wants to deal with the eviction proc...

Rent Collection Ups and Downs: The Life of a Lynchburg Landlord

Demand for housing remains high, but homebuyers face low supply and mortgage rates above 7 percent. That means to be able to afford a home, you need to make over six figures.This pushes people to turn to rentals, which should be great news for landlords in Lynchburg, VA. Unfortun...