Landlords are legally required to provide rental property that is livable and meets basic structural, health, and safety standards. There are also very real financial incentives to protect and enhance the value of the property investment for the owner.
KRS Holdings takes maintenance matters very seriously to ensure tenant satisfaction and landlord security. Evidence of that is our commitment to a full-time maintenance coordinator to orchestrate solutions to satisfy tenants, owners, and service providers.
Uniquely, KRS supports a full-time in-house maintenance division. That means minor repairs are done by our team; thus, minimizing owner costs and accelerating service response times for tenants.
For more complex maintenance issues, KRS has a network of preferred vendors who bill at special discount rates. In turn, passing on the savings to you, the property owner.
Vendor bills and receipts are emailed monthly with the Owner Statements and are also available through our online Owner Portal.
How this benefits you:
- We offer quality repairs at competitive prices
- You can rest easy knowing your home is protected nights, weekends and holidays
- Accurate billing so you can keep track of your investment
- Prompt response to protect your property and keep your tenants happy
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Richmond’s residential rental housing market has been a boon for investors. In large part this continues as a function of 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 retirees and millennials … two major sources of renters.
As the capital of the Commonwealth of Virginia, Richmond boasts a historically low unemployment rate of less than 3 percent and an annual household income of $50,000 … both evidence of a strong job sector. These robust figures have persisted in recent years resulting in residential real estate landlords enjoying current monthly rents hovering around $1,100 … reflected in annual rate increases of about 2.3 percent coupled with an enviable vacancy rate approximating 5.5 percent.
KRS Holdings, Inc. has specialized in Richmond 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.
Areas We Service
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.