Vacation Home Property Management

Vacation rentals are steadily rising in popularity as vacationers are drawn to a more relaxed home setting in a local atmosphere as a cost effective alternative to a single hotel room in a bustling tourist district. The market is swarmed with up and coming vacation rentals ...

Want to sell your property? Use a 1031 Exchange

Did you know that if you own a property that is not your primary residence, you are actually classified by the IRS as somewhat of an investor? This makes selling your property just a bit tricky, especially when it comes to the taxes which come along with it. In such cas...

Ways to maximize your rental income

Having a rental property can provide a nice source of income. However, if you’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 income a...

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...

Getting Your Property Rent Ready

When renting out property, it’s important to make sure that you draw in as many good tenants as possible. There are many ways to do this, but one of the most effective ways is to make sure your property is absolutely ready to be sold. Spice things up, fix imperfections,...

5 maintenance check-ins your tenants will actually thank you for

Landlords! One of your most pressing responsibilities is making sure your property is properly maintained. However, sometimes the inherent awkward business relationship a landlord and a tenant can sometimes develop can get in the way of making sure all your tenant’s needs are m...

5 ways to retain good tenants

Every landlord knows that good tenants are a truly wonderful thing! Being able to maintain good tenants is the goal for every landlord. When you can get tenants to re-sign a lease year after year, you are reducing the amount of time your investment property is lying vacant, and t...

A guide on how to finance an investment property from PMI Richmond

Investors are often looking for ways to create passive income. The real estate market in Richmond VA is a very viable option for creating this kind of residual income. However, one of the barriers to entry is that in order to buy real estate you are typically required to have a s...

Breaking the Lease

Most tenants sign a lease for a year at a time. This ensures that for that year, a steady income can be counted on and decisions for either finding new tenants or continuing a lease can be thought out and planned on. This helps landlords rest easy in tenant stability for ...

Choosing the Right Fire Alarm for your Rental Property

Hi, my name is Dave Peschio and I am the owner of PMI Richmond (http://www.glenallenpropertymanagementinc.com/) and have been managing properties in the Richmond and Henrico County area for 20 years. Today I want to talk about safety. The safety of your tenants and the protection...