KRS Holdings, Inc. has specialized in Henrico 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 Henrico 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.
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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 Henrico County.
Henrico County has presented a steady growth in median rents over the last several years to the benefit of savvy residential rental investors. Notably, in the most recent 12 months … a 9% bump to $1,108! That increase is coupled with an enviable vacancy rate of just north of 6 percent, a significant drop from its peak of 9+ percent as recently as 8 years ago.
The average age of Henrico residents is 38 which helps drive a demand for rentals … now representing more than 37 percent of all housing units in the county.
Real estate investors seek predictability in the location of their property. Henrico delivers on that with a well-run government as evidenced by the highest bond rating (Triple, triple-A) from the three bond rating agencies in the U.S. That means Henrico is known nationwide for its solid record of fiscal responsibility.
Additionally, real estate property taxes have remained unchanged since 1978! Rates have remained at 87 cents per $100 of assessed value. This is in stark contrast to neighboring Richmond where rates jump to nearly 40 percent higher at $1.20 per $100 of assessed value.
More than 25,000 businesses and four Fortune 1000 company headquarters call Henrico their home. With its strategic location, top talent pool and diverse inventory of real estate, Henrico County is a destination of choice for nationally and internationally recognized businesses such as Allianz, Altria, McKesson Medical-Surgical, and Markel to name a few.
Geographically, Henrico County curves around the City of Richmond, surrounding it to the west, the north, and the east. That makes it a perfect location for commuters who work in the city … average commute time under 30 minutes.
The attraction for residential rental investors is a diverse economy hosting a stable mixture of government, financial, education and manufacturing sectors.
Additionally, a welcoming temperate climate plus access to a variety of outdoor activities along with social, cultural and educational offerings prove to be major attractions to tenants.
KRS Holdings, Inc. has specialized in Henrico property management for almost two decades. Be sure to talk to one of our local property managers before you purchase your next 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.
If you have a real estate investment property in any of these areas, contact us today! Our property management team would love to offer you our services and help you increase your ROI, while decreasing your stress.