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Best Property Management Companies in Virginia Beach

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Abrams Realty logo
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Abrams Realty

4640 Shore Dr Ste 113, Virginia Beach, VA 23455
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  • Maintenance
  • Marketing
  • Collection
  • Leasing
  • Tenant Screening

Business Description

Abrams Realty is a real estate company that includes property managers in Virginia Beach. The company offers long-term and holiday rentals of condos, townhomes, apartments, and single-family homes. Additionally, it provides property management services for long-term rentals of commercial properties. Professional property managers are experienced in the marketing of properties and showing them to prospective tenants. Abrams Realty responds quickly to tenant maintenance issues, resolves complaints, and handles rent collection.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Facebook
4.7 / 5 (64)
Google
3.7 / 5 (48)
Yelp
2.5 / 5 (11)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Anchor Realty Group logo
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Anchor Realty Group

613 21st St, Virginia Beach, VA 23451
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  • Maintenance
  • Collection
  • Accounting Services

Business Description

Founded in 1957, Anchor Realty Group is a local company that provides property management services for property owners in the Virginia Beach area. The company performs property inspections, handles evictions and debt collections, runs credit and background checks, and shows properties to potential clients. Additionally, it advertises properties. Anchor Realty Group's weekly vacation rental property management services include completing payments and paperwork, accounting, reimbursement for damages, and optional in-house maintenance and housekeeping.

Atlantic Sotheby's International Realty | Property Management Division logo
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Atlantic Sotheby's International Realty | Property Management Division

4416 Expressway Drive, Virginia Beach, VA 23452
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  • Marketing

Business Description

Kris Weaver Real Estate Team provides property management services in Virginia Beach. It helps landlords and investors maximize the value of their investments. It has extensive experience in the local rental market, and has managed single family homes, townhouses, condos, seasonal properties, and multi-unit rentals. The firm is committed to high-quality services in marketing homes, screening prospective tenants, and providing lease agreements. It also arranges the maintenance and repairs of properties by qualified contractors.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.9
Facebook
4.3 / 5 (26)
Babb Real Estate logo
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Babb Real Estate

582 Lynnhaven Pkwy Ste 400, Virginia Beach, VA 23452
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  • Maintenance
  • Marketing
  • Collection
  • Tenant Screening

Business Description

Babb Real Estate is a full-service property management company that has three offices, including one in Virginia Beach. Its staff has over a decade of experience in real estate and housing, which they use to advertise properties to multiple listing networks. The staff oversees all tenant screenings and rental transactions online. They also supervise preventative maintenance and property inspections before and after moving. Babb Real Estate is partnered with Betty Tharpe, a mortgage loan originator that works for OVM Financial.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Facebook
5.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Cosby Property Management logo
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Cosby Property Management

4701 Columbus St, Virginia Beach, VA 23462
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  • Maintenance
  • Marketing
  • Collection
  • Accounting Services
  • Tenant Screening

Business Description

Cosby Property Management is a real estate company serving clients in Virginia Beach. It offers several types of property management, including tenant placement, landlord rescue programs, and lawn care services. The company also developed a marketing plan based on its more than 10 years of real estate industry experience. Networking with RE/MAX keeps Cosby Property Management updated on real estate market trends and ideas. When selling residential properties, owners Delwyn and Jo Ellen Cosby look for quality, detail, and maintenance issues.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Facebook
5.0 / 5 (17)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Limehouse Property Management logo
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Limehouse Property Management

5265 Providence Rd Ste 202, Virginia Beach, VA 23464
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  • Maintenance
  • Marketing
  • Collection
  • Tenant Screening

Business Description

Limehouse Property Management offers assistance to residential property owners in Virginia Beach. The company's professionals understand the local market, having managed rental properties throughout the metro and monitored market trends. Their services cover property marketing, tenant screening, regular inspections and maintenance, and rent collection. Limehouse Property Management also provides 24/7 online portal access to owners and tenants. According to a client, the property managers possess the knowledge and skills to handle various property-related situations.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
4.9 / 5 (27)
Facebook
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Property Management Solutions logo
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Property Management Solutions

629 Phoenix Dr. 130, Virginia Beach, VA 23452
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  • Maintenance
  • Collection
  • Tenant Screening

Business Description

Property Management Solutions serves clients in Virginia Beach. Since 2006, it has been assisting investors in managing their residential properties such as condo units, apartments, and vacation homes. The company handles property assessments, improvement and repair supervision, and rental payment collection. Its Realtors help clients with selecting suitable tenants for their rental properties through background and credit history screenings. Property Management Solutions also prepares necessary documents such as contractual agreements and solve problems raised by tenants. The company is a member of the NARPM.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (10)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Tammy Coleman Homes logo
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Tammy Coleman Homes

1485 General Booth Blvd Suite 112, Virginia Beach, VA 23454
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  • Accounting Services
  • Tenant Screening

Business Description

Tammy Coleman Homes is a real estate and property management company serving clients in Virginia Beach and the surrounding areas. It assists property owners and investors in maintaining the value of their investments by providing property management services. Owner Tammy Coleman has been living and working in the Hampton Roads area for more than 41 years making her knowledgeable of real estate market cycles and trends. She also works as a full-time real estate agent, who specializes in residential real estate and property management.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
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Frequently Asked Questions

What is property management?

Property management is the business of controlling and overseeing real estate, including residential and commercial rental properties. These professionals handle general maintenance and day-to-day operations on behalf of the property owner. They’re responsible for marketing properties, finding and screening tenants, collecting rent, and preparing units between leases. They may also handle repairs, evictions, and any problems that arise.

What does a property manager do?

Professional property managers perform critical tasks throughout the leasing life cycle, from preparing a rental property, through tenant move-ins and move-outs. They can also provide referrals for legal advice, home repairs, and services that aren’t covered by the management agreement. Here are some of their key responsibilities:

  • Marketing and listing vacant units
  • Processing applications and screening tenants
  • Conducting quarterly and annual inspections
  • Orchestrating move-in procedures
  • Coordinating maintenance and repairs
  • Collecting rent and applying penalties
  • Conducting move-out inspections and returning deposits
  • Handling evictions and posting quit notices
  • Complying with fair housing regulations
  • Compiling monthly expense reports
  • Preparing annual tax documents

How much do property management companies charge?

Property management fees can vary substantially depending on the size of the property, number of units, and scope of service. Property owners can expect to pay one month of rent to fill vacant properties and 10% of the gross cash flow to manage the property. Investors should also account for monthly maintenance, contributions to a reserve repair fund, and early termination fees if they decide to cancel the property management contract. Evictions and other non-routine services typically cost extra.

How do I manage a rental property from out of state?

Managing a property isn’t easy, and the job is even more difficult for out-of-state landlords. Thorough tenant screenings are the best way to prevent many common problems. Landlords should also maintain strong relationships with neighbors who can alert them if anything goes wrong. Investors who prefer a more hands-on approach should consider hiring a property manager to represent their interests.

Does a property manager need a real estate license?

Yes, in most states, property managers must have a real estate license to advertise rentals, show properties, sign lease agreements, collect rent, and perform other fiduciary activities. A community association manager license or similar certification may also be required for professionals who want to work for an HOA or apartment complex, although this credential is optional in most states.

How do I find a good property management company?

Property managers differ significantly in their approach and level of expertise. It’s important for owners to screen potential candidates to ensure that they're choosing the most qualified professional. Here are a few questions to ask during the interview:

  • How many units do you manage?
  • How big is your staff?
  • Do you have a maintenance crew?
  • How long does it take to fill vacant units?
  • What happens if my tenant doesn’t pay on time?
  • Have you ever filed an eviction?
  • What type of communication can clients expect from you?

Do property management companies find tenants for rental properties?

Yes, finding tenants and filling vacancies are key responsibilities for property managers. These professionals are responsible for advertising the property, and they handle all inquiries, applications, and showings. To find the most qualified tenants, managers perform background and credit checks, verify references, and confirm the applicant’s employment information, which can prevent problems and extra costs down the road.

How do I manage a vacation rental property?

Managing a vacation home or short-term rental requires a higher level of involvement when compared to other investment properties. Owners or managers must handle marketing, reservations, check-ins, and cleanings between stays. While a recent study by vacation rental marketplace HomeAway (now part of VRBO) reports that vacation rental income comprises about a quarter of the average rental owner’s income from investing just under 10 hours per week managing their rental, this type of hands-on involvement may not be possible for owners who live out of state or in another region. Professional property managers can assist with one or more tasks, such as cleanings and check-ins, or they can provide comprehensive management services to ensure that the property is generating revenue year-round.

Do property managers pay for repairs?

Yes and no. Property managers may pay for repairs, but the cost is generally deducted from future rent payments or a reserve fund. In most cases, landlords are responsible for maintenance costs and improvements that are needed to preserve or enhance the property’s value. Management firms do coordinate repairs, and some have their own maintenance crews. They can also provide contractor referrals and handle work orders for routine repairs, such as cleaning, painting, plumbing, and changing locks between tenants. Many firms allow tenants to submit maintenance requests online, and they should also provide monthly expense reports showing owners how their money is being spent.

Can a property manager evict a tenant?

Yes, property managers can help to orchestrate the eviction process, from preparing the initial notices to appearing in court and working with law enforcement to ensure that the tenant leaves the property. Situations that warrant eviction include non-payment of rent, lease violations, and illegal activity. Property managers can help to determine the best course of action when dealing with problem tenants.

Can a property manager sign a lease for an owner?

In most states, a property manager can sign a lease. Property owners can appoint a third party to act as a landlord by signing a contract with a management company or by giving power of attorney to a private individual. However, for the contract to be valid, the property manager must have the owner’s authorization.

Is property management worth the cost?

Property managers aren’t cheap, but they’re a worthwhile investment in many cases. Managing a rental property requires time, experience, diligence, and attention to detail. Professional property managers can assist new landlords and long-term investors who have a growing portfolio of rentals. They’re also valuable partners for individuals who work full time, live out of state, or want to enjoy the financial rewards of an investment property without added stress and anxiety.

How do I deal with a bad property management company?

Unresponsive property managers cause problems for property owners and tenants. Reputable management firms should work hard for their fees. No landlord wants to hear from their tenants that the management company isn’t doing its job or is ignoring their concerns. If the manager is skipping routine inspections, accepting bad tenants, or failing to provide monthly expense reports, it’s probably time to hire someone else. Owners should interview several candidates, compare rates, and check references to find a more qualified manager.

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