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Owning investment property can be a great way to reach your financial goals, but it takes time and energy to manage your investment well. That's why successful investors take the time to research and hire a professional property management company. We all know the phrase “time is money.” Your time should be spent investing in other properties, with family or opening up your schedule to do the things that you enjoy. By hiring a property management company to handle the marketing, leasing, rent collection and maintenance scheduling you will be keeping your cost to a minimum because you save time! Marketing Services for Managed Properties A professional property management company will use the local MLS for maximum exposure to other agents and partners not only with Zillow, but with several other leasing and social media sites that will give your property the maximum online exposure. Property Managers Provide Tenant Screening A professional property management company will have an established screening process for new tenants. This allows them to assess all risk factors beforehand, helping you choose quality tenants. This helps ensure that prospective applicants will treat your investment property with the proper care and fulfill their lease terms, leading to higher retention. Better retention saves you turnover costs and increases your profit. During the screening process, property managers will collect identification and documentation on all applicants, such as proof of income from employment, other income revenues, personal references, credit history along with public records, current and previous landlord references and any possible criminal records. At Atkinson Realty, we review guidelines with the tenant multiple times throughout the move-in process to ensure a seamless leasing experience. We consistently provide the latest lease agreements and addendums, thoroughly covering the responsibilities with your tenants before move-in. Understanding of Property Management Laws A reputable property management company will be a licensed Virginia Real Estate Broker, a member of the Hampton Roads Realtor Association and National Association of Realtors. Ensuring that tenants and owners are educated about all Fair Housing laws and Virginia Landlord-Tenant Laws. Professional Software and Online Portals Tired of chasing after rent payments and deposits? Once an approved tenant is chosen for your property, a professional property management company using an online portal can generate their own online portal to quickly and safely collect those deposits. The company's website can also provide tenants with the ease of quickly paying rent online each month directly from their bank accounts. Property Inspections A property management company will routinely check your properties and provide a thorough move-in, move-out inspection process. Allowing you to avoid arguments between you and your tenant by staying on top of any issues. It’s the landlord’s responsibility to enforce their lease, so let your property manager spend the time that you don’t have to follow up with due diligence and avoid conflict. No More Maintenance Headaches A property management company that employs a full-time staff, provides an online maintenance portal system and maintains a long list of approved vendors, is able to assist in the event of maintenance needs, saving you time and stress. Handling Evictions If you are forced to go through the eviction process, a property management company (with an attorney at their/your disposal), will guide you through the legalities and red tape within Virginia property laws. Financial Freedom Property management is a full-time job and it is crucial to routinely monitor your operational cost. Hiring a property management company with a full-service accounting department can help you set accurate market rates and ensure you’re not leaving money on the table with incorrect pricing strategies. At Atkinson we also provide owner statements delivered to you on the same day every month. Access to Experienced Professionals Probably the most important reason to hire a property management company is that you will have access to a team of trusted professionals who know the industry. You can relax knowing that your property is going to be managed well, and all of the stress won't be directly on you. Atkinson Realty, Inc. is proud to have one of the most experienced leasing team of agents and managers in Virginia Beach. We utilize the latest technology to make leasing and managing your rental property a stress-free and hassle-free experience. With our long-standing history, commitment to excellence, ethics and standards, Atkinson Realty is one of the leading real estate companies in Hampton Roads. Why Should You Hire Atkinson Realty? For starters? The reasons you just saw above! These are all services that Atkinson Realty offers to their property owners to help them enjoy the benefit of owning investment property. We pride ourselves in delivering one of the highest quality property management services in the Hampton Roads area. Call us today at 7 57-425-2500 to schedule a free consultation with one of our leasing agents! You can also browse our website to learn more about who we are and what we offer!