Is Property Managment company required for out of town owner
I was reading through the landlord tenant guide for Virginia Beach and came across:
Every nonresident property owner shall appoint and continuously maintain an agent
who (i) if such agent is an individual, is a resident of the Commonwealth, or if such agent
is a corporation, limited liability company, partnership, or other entity, is authorized to
transact business in the Commonwealth and (ii) maintains a business office within the
Commonwealth.
This makes it seem like you have to have a property manager. I did a search BP about Virginia Beach Property Managers, and it seems that they are not worth cost of a months rent and 8 ot 10%
Can someone tell me the work around for this issue or recommend a good property manager?