Northern Virginia Property Management Services | PROMAX Management

NORTHERN VIRGINIA

PROPERTY MANAGEMENT SERVICES

Why Own Property in Northern Virginia?

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Why Own Property in Northern Virginia?

This area has some unique demographics that makes it especially lucrative to invest in real estate. Our economy is based mostly on high tech and government jobs. We have an economy that holds up well compared to a Rust Belt city with many cyclical manufacturing jobs, for example. We also have many people with well paid jobs who may be working in the area for a short period of time and do not necessarily want to set down roots.

All of that leads to a housing market with high rents and an abundance of well qualified renters. Owning rental properties in any area is a challenge, but it can be quite profitable here in Northern Virginia.

Property Appreciation in Northern Virginia

Properties have a history of appreciating faster in Northern Virginia relative to the national average. Again this is due to the strength of the local economy and the high quality of life the area offers. Looking back several years, single family homes in Northern Virginia have appreciated about 20% faster than average. The numbers are similar for townhomes and condos.

Residential real estate is quite simply a fantastic investment in this area. Perhaps the best statistic that shows how lucrative it can be is that 51% of households in cities like Alexandria and Arlington are rentals. That is a phenomenally high number for a city with this type of economy. Not only do property values appreciate quickly, but rents are high and there are an abundance of high quality renters always coming and going.

It has been this way for decades, simply put, our economy makes this just about the best area in the country to become a landlord.

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Property Values in Northern Virginia

If you have spent any time at all in Northern Virginia, you know what a spectacular place it is to live and work. We truly are blessed to live here. We get to experience the best of all four seasons, we are surrounded by natural beauty, and the cost of living is quite reasonable relative to the abundance of high paying jobs.

If you live in Northern Virginia and have ever thought about getting into the real estate business, you may be pleasantly surprised to learn of some other advantages that come with living in this area as well.

Taking Advantage of Real Estate Investment Opportunities

Even though this is a superb area to invest in the real estate market, there are always challenges. Owning a managing a property does take a special skill set that not everyone has. That is why finding a qualified property manager is crucial.

Taking advantage of the quickly appreciating housing market is probably a lot easier than you may think. With the right property manager, you really don’t need any of the skills that are required to be a successful landlord.

We have been in this business for a long time and have put together a highly qualified team of professionals to make things easy for our clients. If you are a rental property owner or are thinking of becoming one, we can provide you with everything you need to be successful and can take care of all the details.

Complimentary Rental Market Analysis

what sets promax management apart from the competition?

34 Years of Service to Northern Virginia
Expert ratio of property management homes to property managers
Our property managers are licensed real estate agents
Our property managers are employees
Our phone lines are not outsourced
We hold weekly round table in person staff meetings and training
We provide In-house property management training for all of our employees
We carry errors and omissions insurance
We are bonded and insured.
We don't pay for fake online reviews
Promax believes that having in-house maintenance contractors and vendors is a conflict of interest
We do not receive kickbacks, referral fees, free services, or any other consideration for use of their preferred vendors
We welcome due diligence! We believe when you hire a PM, you should check with the Virginia real estate board for history of complaints and disciplinary actions
Our years in business number IS NOT conflated
Our property management documents, including leases, property management agreements, prepared by and reviewed by licensed attorneys in the commonwealth of Virginia
We do not display and promote fake or made-up awards

What else Sets Us Apart

guidance for property and real estate in

Experience and an impeccable reputation in the industry
Full-time, dedicated property management teams
Property Managers are available 24/7 including weekends and holidays
Professional after hours emergency service call center
Direct link to Rent-Track, facilitating rent payments electronically and securely.
Pre- Occupancy tenant orientation
Extensive digital photographic record of home conditions
Maintenance and repair services at competitive rates, performed by independent, licensed, and insured vendors
Legal oversight and tax services from our corporate attorney and CPA
Electronic distribution of owner funds, and monthly E-statements
Secure Owners Portal for access to statements and documents