Guide to Fairlington Real Estate

Fairlington is an unincorporated neighborhood at the boundary between Arlington County and the City of Alexandria, Virginia. The neighborhood of Fairlington has many brick townhouse-type condominiums. Fairlington was built in the 1940s as the largest housing project financed by the Defense Homes Corporation during World War II. For this reason, Fairlington is listed on both the National Register of Historic Places and on the Virginia Landmarks Register.

Owners trust our award-winning brokerage to manage their real estate in Fairlington.

Although an invester will enjoy quite a few benefits from hiring a property management company, there is also a cost associated with employing a rental property manager. In addition to the fees of property management, there are other reasons why property management might not be for every landlord. Consider the following factors to decide whether hiring a property management company would be the best decision for your investment. Factors to consider:

• Will you live and work near your rental property? Northern Virginia and to a certain extent Fairlington is a very transient community. Northern Virginia has a lot of military, diplomats, State Department, political appointees and academia.  If you're getting transferred across the country or around the world, it might be a good idea to let a professional manage your rental. Even simple tasks can get complicated very quickly when you aren't around to manage the details.
• Do you want to handle the details of rental management? Some landlords look forward to the chore of finding trustworthy tenants. Some real estate investors believe that keeping up with maintenance and managing details is fun. For this reason, they like taking early morning calls. In contrast, if you don't want more work, you may not want the duties of managing your own rental property. When, you don't want the work from the routine management of your properties, you would be smart to consider employing a property management company to manage your investment.
• Do you want to argue with your renters? If you have tenants, eventually you will have disagreements. Even if you find hands-on management rewarding of the property, you may not find arguing with your tenants is pleasant. More importantly, if you're not a professional property manager, you can get in a mess quickly if you don't know local regulations. If you've already got a full-plate, then the last thing you want is extra hassles. Thus, employing a property management company might be a smart (and tax deductible) expense.
• Can you afford the cost? Let's face it. employing a rental property manager is much more attractive choice if you're not in a cash crunch.  If monthly cash-flow is not a problem, you'll likely save money by employing a property manager and writing off the expense.  But if at the end of every month cash is tight, you might not want to hire a rental property manager.
• Can you afford the risk? Do you understand the Virginia Residential Landlord Tenant Act? Do you understand the tenant's rights? Do you know your responsibilities?  The more you know about property management in today's litigious culture the more you'll know the benefit of having an experience manager in your corner.
• Do you have access to a network of maintenance people? Each rental property must have maintenance. When your tenant emails in need of property upkeep will you know who to phone and what to do in a timely fashion? Do you know which repairs are the landlord's expense and which repairs are a renter expense. If not, you might want to consider employing a property management company.

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