Guide to Fort Belvoir Real Estate

Enjoy peace of mind by hiring a property management company servicing Fort Belvoir

Although you will find significant advantages from employing a property management company, there is also an associated expense with employing a property manager. In addition to the cost of rental property management, there are other reasons why property management might not be for you. Consider the following factors to determine whether hiring a property manager would be the right option for you. Ask yourself these questions:

• Do you live and work not far from your rental property? Northern Virginia and to a certain extent Fort Belvoir is a very transient region. Northern Virginia has more than our share 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 challenge of identifying good tenants. Some landlords find that dispatching handymen and managing handymen is rewarding. Hence, they have fun taking late night calls. But, if you don't want another job, you might not want the work of managing your own investment. When, you don't want the work from the day-to-day chores, you would be smart to think about employing a property manager to help to manage your rental property.
• Do you want to manage your renters? If you have tenants, eventually you will have to deal with problems. Even if you find hands-on management rewarding of the property, you may not find dealing with your renters is pleasant. In addition, if you're not a full-time rental property manager, you can get in deep trouble in a hurry if you don't know tenant's right. If you've already got your hands full, the last thing you want is more to worry about. Thus, employing a property management company may be a smart (and tax deductible) expense.
• Can you afford the cost? Let's face it. employing a property management company is much more attractive choice if you can afford it.  If monthly cash-flow is not a problem, you'll likely save money by hiring a rental property manager and writing off the expense.  But if at the end of every month cash is tight, you might not want to engage a property management company.
• 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 understand rental management in today's litigious culture the more you'll understand the benefit of paying a professional on your side.
• Do you have maintenance people? Every rental property requires maintenance. If your tenant contacts for repairs will you know who to call and what to do in a prompt manner? Do you know which repairs are the landlord's responsibility and which repairs are a renter expense. If not, you might want to think about employing a property manager.

Learn more about our rental management services in Fort Belvoir and around Northern VA