Leasing and Richmond VA Property Management Companies

Many investors choose to hire Richmond, VA property management companies but don't understand how they handle the leasing process. Of course, this process can vary from company to company, but most Richmond, VA property managers working for professional firms carry out the leasing process very similarly. The general method used consists of advertising, showing available properties, prescreening applicants, collecting a first and last month's deposit and executing the lease agreement.

The one leasing issue that can sometimes be a little confusing for those hiring Richmond, VA property management companies is when they can begin showing a property while it is still occupied. This is also one of the things many investors providing their own property management in Richmond, VA have a hard time deciding how to handle. This may sound like a dilemma you are currently facing.

Generally, showing occupied rental properties can be done at any time, once the tenant has given his/her notice. Keep in mind, that if you have a tenant that you are not going to allow to renew his/her lease, it's probably better to wait until after the tenant has moved out before you begin allowing prospective renters to view it. Richmond, VA property management companies all have their own policies regarding this issue. Some will show occupied rentals while others won't - this is just something you will have to ask each company about specifically.

While you or your property manager in Richmond, VA, can show an occupied rental at any time after notice has been given, it's best to not show it more than two months before the tenant is scheduled to move out. There are a couple of reasons for this. First, most reliable tenants begin looking for their next rental during this time frame. Second, your current tenant may not appreciate having the apartment shown so far in advance.

Therefore, if you're providing your own management services, avoid showing a property more than two months before your current tenant's lease is up. If you have hired a company to take on your management responsibilities, ask them about their specific policy on this matter.