All Forum Posts by: Bill Le

Hey BiggerPockets community!

If you’re looking for a reliable, investor-minded property management team in Virginia, I’d love to introduce you to KRS Property Management.

We manage over 4,000 doors across Richmond, Hampton Roads, Northern Virginia, and the Valley, with a growing presence in Charlottesville and Lynchburg. Whether you're a local investor or out-of-state owner, we’ve got the systems, team, and experience to help you grow your portfolio without the stress.

What sets us apart: ✅ Transparent, investor-friendly communication
✅ Dedicated leasing, maintenance, and accounting teams
✅ In-house construction for turns and value-add projects
✅ Proactive tenant placement & renewals to reduce vacancy
✅ Real-time owner portals and reporting

We work with everyone from first-time landlords to institutional investors, and we’re always happy to share insights—even if you're just getting started.

Let’s connect if you:

• Need boots on the ground in Virginia

• Want to streamline your operations

• Are curious about the market or looking to expand

• Just want to talk shop about investing and management strategies

Feel free to shoot me a DM or drop your questions below!

Bill Le
Business Development | KRS Property Management
🌐 www.krsholdings.com

 Would you mind sharing some tips? 

Welcome to Virginia, Ken! Great to have you here. I'm based in Central VA and work in property management, so if you ever want to chat real estate or need help getting a feel for the local market, happy to connect. Wishing you the best as you get started in your RE journey!

Welcome, Hiram! Great to have you in the community. We have an office in Norfolk and work with a lot of owners who are investors themselves—many of whom eventually look to liquidate their assets. Might be a good connection as you’re getting started and exploring opportunities. Feel free to reach out anytime!

Hey Zachary, I work in marketing all the time and trust me, it’s tough, especially in property services where relationships really drive the referrals.

One thing that stood out on your site: your phone number has a 252 area code. It might seem small, but a local 757 number could help build immediate trust—people like seeing a number that feels "close to home."

Welcome, Janelle! Love your energy—sounds like you’re on a great path. I’m in property management and we actually have an office in Virginia Beach, so if you’re ever looking to connect locally or need some insight, I’m happy to help.

If you're looking to price a potential rental, feel free to check out our website for a free rental analysis. It's a great starting point to understand what a property might bring in, especially as you're evaluating STR and LTR options.

Wishing you the best on your journey into real estate—excited to see what you build!

Welcome, Wyatt! Awesome to see another Virginia investor in the mix. A live-in BRRRR is a great way to start—especially in markets like Norfolk where there's still opportunity if you buy right and manage the rehab well.

I’m based in Richmond but we have an office in Hampton. Always happy to connect and share what I’ve learned. Don’t hesitate to reach out if you have questions or just want to bounce ideas around. Best of luck on your first deal!

Hey Johnny, welcome! Sounds like you're in a great position to level up—three rentals already under your belt is no small feat, especially while juggling another career.

Richmond and Hampton Roads are both solid markets with a lot of potential. I'm based in Virginia and work in property management, so if you ever have questions about neighborhoods, leasing trends, or just want to bounce ideas around, feel free to reach out. Always happy to connect with fellow investors who are diving deeper into the game.

Looking forward to seeing how your journey unfolds!

As a property manager, we like to stay ahead of the curve when it comes to tenant screening. There are definitely some exciting tools in development, but at the end of the day, it all comes down to the quality of the information you’re working with.

An AI-based screening tool is only as good as the data it has access to. If it’s missing key details, it won’t be as effective as another platform that digs deeper—even if it doesn’t use AI. For instance, I personally find Zillow applications pretty lacking because they don’t pull the kind of comprehensive info we need to make informed decisions.

It’s also important to remember that tenant screening isn’t always black and white. There’s a lot of nuance involved, especially if you're working with LIHTC or Section 8 housing, where you really need to understand how to navigate the grey areas.

Hey Katie! I actually own three properties myself, plus my parents have four duplexes, and we’ve completely moved away from using home warranties. It’s not that they’re totally useless, but when you factor in the time it takes to coordinate between the warranty company and the contractors—and how tricky those approvals can get—it ends up being a huge hassle.

For a single-family home, we usually see about 2–3 repair tickets a year. If you just budget for that and have a reliable handyman on call, you’ll probably come out ahead in the long run, especially as you scale. That’s just been our experience, but of course, it might vary for others.

Hey Katie! I own 3 properties myself (plus my parent's 4 duplexes) and we have sworn off home warranties. It's not that they're not worth it but realistically, when you factor in your time to be involved, how complicated it can be for adjustments between the warranty company and the contractors, it's a massive headache. 

For a single family home, there's usally 2-3 work order tickets per year. If you budget for that and work with a handyman to get it fixed, you're probably gonna be far head than having a warranty per house as you scale. Your mileage may vary but that's been our experience.