How to accurately value an investment property in Greater Richmond using CAPM

The current market in the greater Richmond area is making the ownership of local rental properties a very intriguing and lucrative prospect. When trying to decide whether or not you should acquire a specific rental property, it is vital to check that proper valuation on the prope...

How much does professional property management cost?

You may be wondering what it costs to hire a Richmond property management company and if itâ€™s really worth the extra expense. Letâ€™s first address the latter part of that sentence. Deciding whether a property management company is worth it depends a lot on your circu...

Happy Holidays! From all of us at PMI Richmond

As the Holiday Season is upon us, we find ourselves reflecting on the past year and on our owners and tenants who have helped to shape our business in a most significant way. We value our relationship with all of you and look forward to working with you in the year to come. PMI R...

Top two reasons why renting is less costly than buying

Many times people donâ€™t realize how much money they can save by renting a home. Because they make monthly rents that arenâ€™t going toward a purchase, they think that renting is more costly. However, thatâ€™s not always true. Here are two reasons why renting is l...

Winterizing Your Rental Properties

During these cold winter months it is important for property managers to winterize rental properties. Taking these simple steps will help prevent common weather related damages to rental properties. Spending money on preventative measures will always pay off when major co...

Winter Is Coming: Are You Ready?

A lot of work goes into preparing a property for the dangers presented by even mild winters. Adequately winterizing a property means taking precautions to protect the pipes and plumbing systems, reinforcing windows to save energy costs, inspecting roof integrity and dra...

Why Use a Property Manager

Purchasing rental property in NM is a smart investment and can be a significant source of residual income for property owners. However, property management can be an enormous undertaking that requires a great deal of time and effort. Property management involves the proces...

Why Conduct Regular Inspections of Your Rental Properties

If we didnâ€™t trust our tenants, we probably wouldnâ€™t rent to them, but when it comes to your properties and the protection of their value, here are 3 reasons as to why it is a good idea to conduct regular inspections of your rental properties. First, to conf...

What the PMI Brand Promise means for you

We understand that it can be very difficult to choose a third-party property management company. You need help and you want one of the best Richmond VA property management companies out there. After all, you worked hard to gain your investment and you want to leave the management...

Ways to maximize your rental income

Having a rental property can provide a nice source of income. However, if youâ€™re putting in a ton of work that is filling up your downtime or tenants are coming and going, it could end up significantly reducing your earnings. Thankfully, there are ways to increase your inc...