Richmond Landlord & Rental Property Blog

Insurance Requirements for Contractors Working With Property Managers

Contractors who work with property managers are often asked for more than a basic certificate of insurance. Depending on the company and the work being performed, the requirements may include general liability insurance, Workers' Compensation when required, Additional Insured...

What's Next After Buying Your First Rental Property in Richmond, VA?

Buying a first rental property in Richmond is a major milestone. Once closing is complete, the next job is turning the property from a purchase into a rental that is actually ready to operate. That means taking control of the property and its records, completing rent-ready work, ...

5 Property Management Lessons Richmond Landlords Can Use

One of the most useful habits landlords can borrow from professional property managers is consistency. Screening, maintenance, pricing, compliance, and communication work better when recurring events follow a defined process instead of being reinvented each time.That matters acro...

How Can Richmond Landlords Attract More Qualified Renters in a Tough Market?

Richmond rental owners can attract more qualified renters in a softer market by widening the property's real appeal, not by lowering screening standards. Price, pet policy, listing clarity, showing access, and lease terms all affect whether a prospect keeps a home on the shor...

How Richmond Landlords Can Improve Resident Retention

Good residents are more likely to stay when the rental experience is predictable. The lease is clear, maintenance requests go somewhere reliable, communication is professional, and renewal terms make sense for the property and the market.That matters for Richmond rental owners be...

Storm Readiness for Richmond Rentals: Preventing Water Intrusion, Drainage Failures, and Power-Relat...

Storms put rental properties under stress quickly. In Richmond Metro, heavy rain, wind, falling limbs, and power outages can expose drainage, roofing, moisture, and system weaknesses that were manageable under normal conditions. The most useful preparation starts with two questio...

Why Does PMI James River Require Contractors to Add Us as an Additional Insured?

PMI James River works with contractors at the rental properties we manage, and we require contractors to name PMI James River as an Additional Insured on their General Liability insurance. This requirement is part of our broader vendor compliance process, along with verifying app...

Self-Managing Landlords in Richmond, VA: What It Takes to Do It Well

Self-managing a Richmond rental can work well. The standard is not whether an owner can personally solve every problem. It is whether pricing, leasing, screening, rent collection, maintenance, records, renewals, and compliance follow repeatable processes when normal rental issues...

Umbrella Insurance for Multiple Rental Properties

Umbrella insurance can be a useful additional layer of liability protection for a rental owner with more than one property. But the common shortcut that a personal umbrella works until a portfolio reaches some fixed number of rentals, then a commercial umbrella becomes mandatory,...

Should a Richmond Rental Include a Washer and Dryer?

For most Richmond single-family rentals that already have functional laundry hookups, PMI James River generally recommends supplying a washer and dryer. In-unit laundry is one of the practical features many renters actively look for, and a home without it can lose prospects befor...