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Updated over 2 years ago on . Most recent reply

User Stats

28
Posts
11
Votes
David B.
  • Investor
11
Votes |
28
Posts

Is Property Managment company required for out of town owner

David B.
  • Investor
Posted

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?

Most Popular Reply

User Stats

4
Posts
2
Votes
Alison Ruotolo
  • Virginia Beach, VA
2
Votes |
4
Posts
Alison Ruotolo
  • Virginia Beach, VA
Replied

Interesting. Did not know this. I’m out of the area and was considering self-managing  

I’ve used Renter’s Warehouse for 3+ years to manage 1 unit in VB. They’re not great but not terrible. I don’t like that I don’t have one single assigned contact. Have to contact their generic “info@renterswarehouse” email or whatever. Not sure their current rates. But I got lucky with $89/month 3 years ago. 

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