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Updated about 2 years ago on . Most recent reply

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35
Posts
10
Votes
Taha Tekreeti
  • New to Real Estate
  • Fairfax, VA
10
Votes |
35
Posts

Property manager recommendations in Norther Virginia

Taha Tekreeti
  • New to Real Estate
  • Fairfax, VA
Posted

Hi BP, 

I’m moving out to a different state and planning on renting my townhouse in Falls church NOVA. This will be my first rental property so I’m very new to the process and need your help! 
My first question, what is usually the deal with renting out? Can I get a property manager that will do the listing of the property, find a tenant and do all the paperwork? Or do I need to get a realtor and a property manager? And how much would that cost? I’ve heard 7-10% of monthly rent for management and not sure about the renting part? Is it a full month rent? 

second question, any recommendations for a good property manager in northern Virginia? And what are good questions to ask when interviewing a potential manager?

Final question. Anyone recommends getting a home warranty? My house is small about 1000sqft and appliances ages varies between 5-15 years. 

Looking for

Most Popular Reply

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5,704
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4,870
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Nicholas L.
#3 Out of State Investing Contributor
  • Flipper/Rehabber
  • Pittsburgh
4,870
Votes |
5,704
Posts
Nicholas L.
#3 Out of State Investing Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

Can I get a property manager that will do the listing of the property, find a tenant and do all the paperwork? 

Yes

Or do I need to get a realtor and a property manager? 

No

And how much would that cost? I’ve heard 7-10% of monthly rent for management and not sure about the renting part? Is it a full month rent?

8-12% of monthly rent each month, and a full month's rent to do marketing, screening and placement of a tenant

second question, any recommendations for a good property manager in northern Virginia? And what are good questions to ask when interviewing a potential manager?

It's been a few years but I used to have a property managed by Peake and I liked them.  I've heard good things about KRS.  "Interviewing" is overkill, just read reviews.  But ask them any questions you want to

  • Nicholas L.
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