Any landlords at River Place in Arlington, VA?

Question

Curious to hear how your experience has been with management. I know they offer onsite maintenance services, and for a remote landlord it can come in handy. If you've used their services, how was the experience?

Russell Brazil · Answer

Riverplace is on a land lease. Once the lease runs out, you lose your property altogether. Lease expires in 2052, which outs 2022 as the year when you enter the 30 year window. With mortgages being 30 years, no 30 year mortgages will likely be issued on those properties from 2022 onward. Expect values to begin their decline in 2022 til they eventually hit zero in 2052, unless the lamd lease is extended.

Jeff Dzado · Answer

You're going to want a different forum. This is Washington State.

Any landlords at River Place in Arlington, VA?

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