MANAGEMENT SERVICES

Leasing Services

Owner Services

  • Preview property and prepare market analysis
  • Market through MLS, Military Housing, and major rental websites
  • Process applications, including credit, background, employment, and income verification
  • Prepare lease using Virginia Association of Realtors Residential Lease
  • Obtain signatures and collect first month’s rent and security deposit
  • Eviction services available on a case-by-case basis (fees vary)

Forms

The following forms are available upon request as part of our Landlord Form Package:
  • Landlord Statement
  • Landlord Information Form
  • Lead-Based Paint Disclosure
  • Property Management & Exclusive Rental Agreement
  • Residential Inspection Letter

Full Property Management Services

We understand how important your real estate investment is. That’s why Fredericksburg Area Rentals and Property Management focuses exclusively on the leasing and management of residential and commercial properties. Our goal is to simplify the complexities of property management while protecting and maximizing the value of your investment; giving you peace of mind through our commitment to professional service. Please contact us if you have any questions about our Landlord Services. In addition to our Leasing Services, our Full Property Management Services include:

PROPERTY ANALYSIS & MARKET STRATEGY

  • Ongoing market monitoring to help establish competitive rental values
  • Property condition assessments with repair and improvement recommendations
  • Guidance to help maximize your rental income

COMPLIANCE & REGULATIONS

  • Assistance with compliance with federal, state, and local regulations
  • Adherence to Fair Housing laws and the Virginia Residential Landlord Tenant Act (VRLTA)
  • Lead-Based Paint disclosures when applicable

MARKETING & TENANT SCREENING

  • Marketing and advertising your property across multiple platforms
  • Coordinating all property showings
  • Maintaining a list of prospective tenants
  • Thorough screening including employment, credit, criminal background, and landlord references
  • Online tenant applications

LEASING & TENANT SERVICES

  • Virginia Association of Realtors Residential Lease preparation
  • Resident Handbook provided to tenants
  • Security deposits held in an escrow account
  • 24/7 emergency maintenance request system
  • Pets considered on a case-by-case basis with owner approval
  • Lease renewals and online tenant portal access

OWNER SERVICE & FINANCIAL MANAGEMENT

  • Online Owner Portal with 24/7 access to property information
  • Direct deposit for owner distributions
  • Computerized accounting and detailed record keeping
  • Monthly rent collection and late payment processing
  • Legal notices and court appearances when necessary
  • Monthly financial statements and reports
  • Payment of property-related bills if applicable
  • Year-end financial reporting including Form 1099-MISC

MAINTENANCE & INSPECTIONS

  • Detailed inspections at move-in, mid-lease, and move-out
  • Network of licensed, insured vendors
  • Negotiation of competitive maintenance costs through our preferred vendor list.