KRS Holdings, Inc. has specialized in Fredericksburg property management since 1990. Our guiding principle has always been to maximize the value of our clients’ residential assets, while we minimize their time commitment. Apartments, single family homes, duplexes and commercial properties...all managed with excellence to attract and retain tenants.
Full Service Property Management
Leasing and Marketing
A dedicated Fredericksburg leasing and marketing agent will work to ensure that your property is always at full occupancy. By proactively monitoring market trends and promoting your property with strategic advertising placements occupancy rates have the potential to exceed the market average.
The operations team at KRS Holdings is equipped with the necessary skills to effectively execute every day tasks and resolve any conflicts that might arise with tenants.
Our maintenance team has the necessary skills to address problems in a timely manner while minimizing your out-of-pocket costs. You can rest-assured knowing we have property maintenance technicians available year round.
The primary objective of our accounting department is to provide turnkey bookkeeping services to keep your business running smoothly. You’ll have peace of mind knowing your records are professionally managed and safeguarded.
Start getting the returns you deserve today! Contact us for a property consultation by completing the form to the right.
CONNECT WITH US!
Residential real estate investors, whether contemplating your first purchase or as a seasoned landlord seeking to expand your portfolio in Central Virginia, be sure to consider Fredericksburg. As a property management company, we did the research and committed to serving landlords and tenants in this market. Here’s why you should consider doing so as well.
Asking rents in Fredericksburg multifamily rental properties have consistently increased over the last 15 years to an average exceeding $1,100 today. Additionally, residential property landlords enjoy a vacancy rate of 2.4 percent. This compares favorably with the larger suburban Virginia market’s vacancy rate posted 4.9% in Q1 2018. That indicates a stable market with growth potential.
In this city of about 30,000, notably 63 percent of the Fredericksburg population are renters. Renting is more accessible than homeownership in Fredericksburg, where the median gross rent for occupied rental properties is less than the median $1,856 for housing units with a mortgage. Demand for additional residential rental units reflects Fredericksburg’s strong rental market and projected growth. Between 2018 and 2028, approximately 106 rental households are expected to form annually.
The current real estate tax rate is $0.85 per $100 of assessed value. As a frame of reference, this is in stark contrast to Richmond where rates are $1.20 per $100 of assessed value.
Fredericksburg is strategically located just 49 miles south of the District of Columbia. Over the last decade, the city and its surrounding area has become increasingly attractive to tenants who commute to DC. Transportation via Amtrak train service plus the I-95 Fredericksburg Extension creates convenient rail and automobile toll road access to employment in the District.
Closer to home, Fredericksburg presents significant employment opportunities, notably through:
- The Healthcare and Social Assistance industry with approximately 9,800 employees.
- The Professional, Scientific, and Technical Services category with about 4,800 employees
- The Veterans Administration plans for a new facility that will be one of the largest in the nation employing approximately 1,000 employees.
All signs point to continued opportunities for residential rental investments. As is always the case, appropriate study and comparative analysis of investment alternatives a must.
KRS Holdings, Inc. has specialized in Fredericksburg property management for many years. Be sure to talk to one of our local Fredericksburg leasing agents before you purchase your next investment property to get rental analysis. Our team of dedicated agents are devoted to helping fill your vacancies, reduce turnover, and protect your investment of your rental property. Our guiding principle has always been to maximize the value of our clients’ residential assets, while we minimize their time commitment. It is because of this passion for property management that we now manage over 4,000 units over the commonwealth.