Why Keep Your Rental Property Instead of Selling It?
Northern Virginia is a state preferred by many because of the high-quality education, top jobs, and beautiful scenery. It is also a historic state that offers quality healthcare and is known for its low tax rates.
Nature enthusiasts love the huge national park on the outskirts of Washington, D.C. It is the place where the Potomac River runs through gorges and over rocks to create dramatic waterfalls visible from the multi-use trails along its path. Those trails are open to cyclists, riders, runners, and hikers.
In addition, history enthusiasts like this colorful state too. Visiting the Mount Vernon Estate of George Washington is a must! The grounds include a professionally restored working farm, mansion, outbuildings, four separate gardens, memorials, and burial sites, including Washington’s tomb, which gives many tourists a glimpse into the life of the United States' first president.
These are just a few reasons why living in Northern Virginia is worth it. It is the state where you can visit old Alexandria town, the Arlington National Cemetery, Oatlands historic house & garden, the battle of Cedar Creek National Park, the Belle Grove Plantation House, and so much more. The list is endless.
Taking all these facts into account, you can rest easy knowing that if you have a property there, renting it out is easy. Many people are looking to live here, and with a reliable property management company by your side, you will have nothing to worry about. Why? Keep reading to find out!
Property managers Northern Virginia are responsible for a lot more than finding tenants for your property and collecting rent. Their responsibilities are many and can be divided into three groups – before a tenancy, during a tenancy, and after a tenancy. Here's more about them.
Property management companies make sure your property is ready for the rental market. They take on the responsibility of ensuring the place is clean, appealing, and functional to potential renters. They also take care of the advertising, marketing, and showings. We should not forget about the move-in inspections as well. During these, the property managers prepare detailed descriptions of the condition of the property and take pictures to document how the place looks. Last but not least, they draft a lease that is legally compliant with the state and take a security deposit from the tenants, which they hold in a separate account until they move out.
Property managers are available to deal with any problems and questions the tenants may have during and after the move-in process. They make sure the renters understand the lease and the expectations that come with it. They respond to maintenance requests, inspect the property on a regular basis, collect rent, and ensure the tenants are abiding by the lease.
Reliable property management companies immediately begin their search for new tenants once the current residents give their notice to move out. Again, they do an inspection of the property. This time to compare the condition of the property at move-out, to the way it looked before the renters moved in. They deduct charges for damages (if any) that were left behind and return the remaining portion of the security deposit to the renters.
For those looking for a steady monthly income, renting out a property is the perfect option, and by turning to professional property managers Northern Virginia, you can rest easy knowing that everything has been taken care of in the absence of the owner.
A bit more about the benefits of keeping your rental property:
Perhaps the biggest benefit of renting out is the steady income you will receive every month. This can be a very attractive option for people looking to make money on the side, or even as additional financial security during retirement;
Flexibility to sell at the right time;
Greater security (when there are tenants in your property, you can rest easy knowing that the home is being maintained and looked after), and you will always have the option to move back.
Given the facts above, you can rest easy knowing that renting out your property is the right choice instead of selling it. Just make sure you turn to a professional property manager to help you find reliable tenants and do the hard work on your behalf.