Property Management Blog

A Guide to 1031 Exchanges in Richmond VA

KRS Holdings - Thursday, April 17, 2025

Key TakeawaysTax Deferral Advantage: A 1031 exchange allows investors to defer capital gains taxes when selling an investment property, enabling them to reinvest the full proceeds into a new property.Like-Kind Property Requir... read more >>

What Exactly Is “Normal Wear and Tear”?

KRS Holdings - Thursday, April 17, 2025

Key TakeawaysUnderstand Normal Wear and Tear: Recognize that gradual deterioration, like faded paint or minor carpet wear, is expected over time and is the landlord's responsibility to address.Differentiate from Tenant-Caused ... read more >>

CREDIT SCORING THE U.S. … WHAT A CONCEPT! Lower Expenses, Reduce Debt, Maintain Income = Higher Cr...

KRS Holdings - Tuesday, April 1, 2025

Higher Credit Score Means Enhanced Creditworthiness & Lower Interest RatesOK … what do credit scores have to do with the financial future of America? Admittedly, the U.S. does not have a credit score in the typical sen... read more >>

Best Ways to Communicate With Tenants: Email, Text or Call?

KRS Holdings - Tuesday, April 1, 2025

Key TakeawaysEmail: Best for formal communication, documentation, and detailed messages but may have delayed responses.Text: Ideal for quick updates and reminders but lacks detail and formality.Phone Calls: Great for urgent or com... read more >>

TRUMP EXECUTIVE ORDER ENDING WORK FROM HOME Impacts 145,000 Virginia Federal Employees

KRS Holdings - Friday, March 28, 2025

Nearly immediately our phone started ringing … following President Trump’s executive order that mandates federal employees working remotely must now return to their offices. The voiced concerns were from federal work... read more >>

How to Keep Your Rental Business Profitable by Understanding Cash Flow

KRS Holdings - Wednesday, March 26, 2025

Rental properties can be a great source of passive income, but they require careful financial management to remain profitable. One of the most important aspects of managing a rental business is understanding cash flow, which ... read more >>

How to Know if Your Rental Meets Safety Standards

KRS Holdings - Tuesday, March 25, 2025

Owning a rental property comes with many responsibilities, and one of the most critical is ensuring tenant safety. However, many landlords struggle to determine whether their property truly meets required safety standards.Without ... read more >>

How to Minimize Vacancy Rates in Your Rental Properties

KRS Holdings - Friday, March 21, 2025

One of the biggest concerns for rental property owners is maintaining consistent occupancy. Every day a rental unit sits vacant means lost income, yet expenses like mortgage payments, utilities, and maintenance continue. Minimizin... read more >>

Should You Allow Tenants to Paint Your Rental Property

KRS Holdings - Friday, February 28, 2025

Landlords want to keep their tenants happy because satisfied renters are more likely to renew their leases and rental agreements, take good care of the rental property, and report maintenance issues promptly. This makes ... read more >>

Tax Season Tips for Landlords

KRS Holdings - Wednesday, February 26, 2025

Tax season is overwhelming for everyone. But, for landlords and real estate investors, it can be even more challenging. Keeping track of your rental property's income and incurred expenses is a year-round task that requires pl... read more >>