Did you know that not all property management provides the same level of service? Deciding to hire a property manager is a step in the right direction toward growing your long-term wealth. However, choosing the right rental property management, Virginia Beach landlords, is a critical decision. 

Property investors hire management services to reduce the amount of work they put into the day-to-day tasks of a real estate portfolio. They also choose property management to get more out of their investments and boost their bottom lines. That means knowing what to look for in an expert property manager becomes an important process before turning your investment assets over to a third-party manager. 

What are the critical things to look for when choosing your property manager? It's more than just a team to "do the work." You need experience, expertise, and proven processes to grow your wealth!

Priority on Tenant Screening

Property investors need a property manager that minimizes downtime in between tenants. When your property sits vacant, you lose money! 

However, your full service property management team must also prioritize choosing the best quality tenants—not picking just "any" tenant to quickly fill your property and start collecting rental payment. A thorough tenant screening process helps property managers choose the best tenants to protect your investments!

A Thorough Process Is a Must-Have

When interviewing property management companies, have them walk you through their tenant screening process. The best rental property management Virginia Beach offers doesn't leave out any detail! An expert tenant application review process includes:

  • Running a credit history
  • Confirming employment
  • Verifying income
  • Calling previous landlords and confirming rental history
  • A criminal history review
  • A thorough pet screening (if you allow pets in your properties).

That might seem like a lot, but property management experts have the resources to perform a tenant screening quickly without missing any critical steps. In most cases, this process takes only 24-48 hours. It's time well-spent to avoid placing a potentially troublesome tenant into your rental property. 

The Right Property Managers Protect You

Choosing quality tenants helps protect your rental properties—literally! Terrible Professional Tenants often cause damage to a single family home townhouse or other types of rental properties. They're also known to vacate properties without notice, leaving property owners with expensive damage—and no tenants to pay for it. 

However, that's not the only way your professional Virginia Beach property management company protects you while screening potential tenants. 

We Follow the Law

Property owners must follow fair housing regulations by avoiding anti-discriminatory practices when choosing tenants. 

  • It's against the law to deny a tenant based on color, race, color, sex, religion, disability, familial status, or national origin.
  • The best property managers understand those rules and always abide by the law to protect property owners from discrimination claims or lawsuits. 

We also follow privacy laws!

  • Collecting the personal data that comes with a throughout background check requires knowing how to process, store, and share that information within the law.
  • Keeping up with the rules and staying compliant is a lot to take on when you manage properties on your own. 

Investors can eliminate the risk of lawsuits or unknowingly violating the law when trusting your rental properties to professional property management!

Collecting the Rent—No Matter What

Having a good tenant in your property doesn't do any good until you collect the rent! In a perfect world, we could depend on our carefully-screened tenants to pay the rent on time every month. Most of the time, they do! 

However, sometimes, collecting the rent can be a challenge—even with the best tenants in your properties.

  • The best expert property managers handle rent collection so that property owners never lose income or see a delay in your monthly payments.
  • Make sure you choose a property management company that has an effective process for collecting and processing rental payments every month. 

Setting the Right Rental Rate Matters

The first step to collecting the rent on time every month is setting the right rental rate for your property. With the ideal monthly rent, your properties attract tenants who can afford to pay it every month. 

The tenant screening helps verify that a tenant has the income to cover the monthly rent and all deposits. With the ideal rate and tenant, property owners improve the chances of receiving the rent on time every month. 

Don't Make Tenants Work Too Hard to Pay the Rent

If you've ever experienced the challenges of chasing down late rent checks, you probably wonder if there is a better way to get paid every month. There is—but it could require changes to your rent collection process. 

Expert property management services know the most effective ways to help tenants pay their rent on time. Paying the rent every month isn't an option for tenants who sign a lease to live in your property. However, if collecting paper checks isn't working well, an online payment system makes it easy for tenants to schedule payments with a credit card or bank account. 

Never Lose Money With the Right Rental Rate

What if late payments aren't an issue. Your tenants pay the rent on time every month, but you're still losing money on your investment properties. 

Your property manager can run a rental price analysis to find out if the rental market confirms that the monthly rental rate is too low! Even with on-time payments every month, when the rental rate is too low, investors lose money. 

Raising the rent is simpler when your property manager handles it. They communicate with tenants and adjust the rent according to the lease agreement. Property owners never have to deal with the delicate conversations or enforcement of a new rental rate. Your property manager is your buffer! 

We Partner With Real Estate Agents

Property investors, real estate agents, and property management work well together! Realtors can offer investors a package solution when helping them grow their portfolio in Virginia Beach, Chesapeake, or Hampton Roads.

For out-of-state investors, this is a preferred solution! Property investors don't have to live near their properties to benefit from owning rental homes in the area. They work with a Realtor they trust to add more properties to their portfolio. When investors are ready to put a new rental on the market, our professional property management services find a tenant, collect the rent, and maintain the property. 

Our Realtor Referral program also helps real estate agents keep their clients when home owners struggle to sell their homes right away. Turning a home into a rental property until the market for sale improves helps sellers make money on their home while it's off the market. 

Choose Expert Property Management That Prioritizes Customer Service!

You're the boss! When property investors choose the right property management services, you have experts working hard to make sure your portfolio meets your long-term financial goals. The Renters Warehouse Hampton Roads team is the expert rental property management Virginia Beach landlords need to support the success of your investment plans!

That's why we prioritize customer service. Our property owners are our customers—and to meet your expectations, we also have to provide the best service for your tenants. With our expert tenant screening, rent collection, and our full suite of property management services, we make sure you see the income you need through your investment property portfolio.

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Special thanks to Amy with Renters Warehouse! She was able to rent our property in 2 days!! Since this is my first time renting my home I was a bit nervous. However, Renters Warehouse made this a walk in the park for me. It has now been 5 months and I am still very impressed with their professionalism.

Jenny Smith

May 25, 2021

Carlos is definitely a professional landlord!! Always responsive to both my tenants and I, goes above and beyond when I'm unable to make decisions due to my location. He is super helpful and I'm so happy to have him working with our family. He's organized and gets the job done!

Marla Miller Chong

May 23, 2021

Been using renters warehouse for 2 years now on a single family home and I have been very happy with the service our renters warehouse team has given us. We are first time landlords and they made the process very smooth and helped us navigate quite a few challenges.

Daniel Stamatis

Apr 29, 2021

Renters Warehouse has been managing my property for years. Carlos Jerez is my current maintenance coordinator managing my property and has been extremely reliable! Very prompt and always keeping me abreast of every situation. Thank you!

Loureann L

Mar 19, 2021

John Creighton did a great job finding a quality tenant in just 2 days! He made showings extremely accommodating for our schedules and was quick to respond with any questions we had. Renters Warehouse has been managing our properties for several years and couldn’t be more pleased.

Ben Powell

Jun 11, 2021

Samantha McKinney from Renter’s Warehouse did an amazing job for us! She was always available for questions and kept us informed in these ever changing times during the pandemic. She is very knowledgeable on all aspects of renting homes and managing properties. I would definitely recommend her.

John Frazier

Feb 26, 2021

I have been fortunate to work with Cassie Parker recently. The knowledge she provides the offices potential clients is huge. If you are an investor or needing to find a solution due to an upcoming transfer Cassie and her team will help you get it done from their Hampton Roads office. 

Mark Ainley

Mar 10, 2021

Angelique Bolton is the best realtor ever! She has helped us rent several of our properties. She is always responsive and helpful. I will never go to anyone else, she’s the best. I trust her judgement on potential renters, I know I can count on her when my properties need to be rented. Thank you Angelique.

Maria Birmingham

Jan 21, 2021

I'm a Realtor in Hampton Roads. My company specializes in sales only, and I often assist clients with purchasing investment properties. Renters Warehouse is my go-to for my clients in need of property management services!! Specifically, Cassie Parker is who I refer all of my clients to, as she is extremely professional.

Melissa Dupuis

Dec 28, 2020

These guys are the best when it comes to property management. My military commitments mean I’m not always around but I sleep easy knowing my property is in good hands. I had the privilege of working with Angelique Bolton and I will work with her ten times over. She is super responsive and does a good job in explaining.

Derrick Appiah

Dec 18, 2020

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