Toe in the Water or Expanding your Portfolio

Posted on September 5, 2016 in Uncategorized
Finding the Money is Key   As CEO of KRS Holdings - a rental property management firm serving investors in Central Virginia – earlier this year I declared being bullish on the purchase of rental properties in 2016. My experience and analysis of the Central Virginia rental property market supports my conclusion that 2016 presents a nearly perfect climate for rental property investors … one which may not prove repeatable ...Read More

Property Managers – What are they Good For?

Posted on August 12, 2016 in Real Estate Investment
Tips on Hiring a Property Management Firm Investors in residential rental properties must seriously consider the matter of management of the investment property. That is true for existing investors as well as those who contemplate becoming landlords. While the decision is more complex than the solution-description, your options boil down to two: 1) hire a professional property management firm, or 2) DIY (do it yourself). Before making a snap judgment ...Read More

How to Lose Half of Your Tenant Prospects or Expand Your Pool by 100%

Posted on July 8, 2016 in Uncategorized
  Question: Are you always so flush with rental prospects that you can exclude half? Anticipating that your answer is in the negative, let’s talk about how the half who are pet-owners may impact your success as a landlord. Nearly half of renters currently own pets, according to New York property investor Erin Eberlin. “Therefore, if you make your property pet friendly,” she explains, “you can be more selective when ...Read More

How To Price A Rental Property – Top Dollar May Not Be The Best Dollar

Posted on June 22, 2016 in Pricing, Real Estate Investment
If Goldilocks was a residential real estate investor trying to figure out how to price a rental property, the story may have gone like this. Goldilocks was faced with deciding how to price her rental unit. She got out her calculator and came up with a number. “This number is too high!” She exclaimed. So, she daintily (but diligently) pecked away at her calculator keys and concluded, “This number is ...Read More

Minimize Damage to your Residential Rental

Posted on June 16, 2016 in Real Estate Investment
The Best Defense is a Good Offense That’s an old sports and military adage … with equal accuracy when applied to owners of residential rental properties. Said another way, many times property damage will be limited to normal wear and tear when landlords take a proactive stand in tenant selection, communications, enforcement of lease provisions and property management. At the very least, taking the initiative and dealing with all tenants ...Read More

Millennial Renters Charm Triangle

Posted on May 6, 2016 in Pricing, Real Estate Investment
Lifestyle, Technology & Social There have been tons written about millennials – who they are, what they want and how they differ from previous generations. Now let’s distill all that down for the benefit of you, residential rental investors, in seeking to attract this vast pool of renters This group, born between 1980 and 2000, represent 60% of renters. There are several reasons why renting is their favored housing option. ...Read More

Baby Boomers are Renting in Droves

Posted on April 25, 2016 in Real Estate Investment
  How Will Residential Rental Investors Make More Money Richmond and Tidewater area residential rental landlords have much to look forward to from the transitioning Boomer generation. Much has been written about the Boomers’ kids, Millennials and their impact on the rental market. Notably, now that the “youngsters” are out of the house, demand for rental units by the “empty-nesters” is accelerating. And that is driving demand for both multi-family ...Read More

Retaining Long Term Quality Senior Tenants

Posted on March 12, 2016 in Pricing
Once You’ve Successfully Snagged Boomer Tenants, Here’s How To Keep Them As Seniors In last month’s issue of the Residential Investor Connection LINK TO 11/16 KRS ARTICLE, we stressed that Richmond and Tidewater area residential rental landlords have much to look forward to from the transitioning Boomer generation. Demand for rental units by the “empty-nesters” is accelerating. And that is driving demand for both multi-family rental properties as well as single-family ...Read More

Norfolk Property Management-Handling the Security Deposits

Posted on March 1, 2016 in Uncategorized
  As far as Norfolk property management is concerned; handling of security deposits paid by tenants is one of the most misunderstood topics-by managers and landlords alike. For one; the rules in each state regarding security deposits are different. Some States also tax landlords on this amount, while others do not. It is critical to know and understand the rules in your state regarding this issue.   Mishandling the security ...Read More

Guidelines for Landlords in Property Management Chesapeake

Posted on March 1, 2016 in Uncategorized
  The Department of Development and Permits in Chesapeake, Virginia has set up an official list of guidelines for landlords. It is the city's action to promote unity and harmony between the tenants and landlords of Chesapeake. The business of rental housing is often viewed as blighted and frustrating, due to the miscommunication between both parties concerned. Much of these problems however, can be avoided if the owners would choose ...Read More