When considering becoming a Landlord, understanding all that entails is important. Renting your home is a huge decision for any homeowner, and serious research is required. Whether you are considering doing everything yourself or hiring a professional property management company specializing in Northern Virginia Real Estate, McGrath Real Estate Services, Inc. encourages you to ask yourself, “Can I give the time, effort and commitment to being a landlord?”
There are certain tasks that all landlords must accomplish such as deciding at what price to advertise your home, determining maintenance to improve showing quality, coordinating showing the property, vetting possible tenants, creating and executing a lease, performing inspections, collecting rent, handling needed repairs and maintenance, preparing end-of-year tax forms, handling tenant requests and issues and determining security deposit issues. These are the basic tasks that all Landlords must accomplish, but what happens if your tenant doesn’t pay rent? What happens if your previous neighbor calls to complain that the lawn is never mowed? What if the air conditioning goes out in the middle of a heat wave?
Choosing a property manager must be treated as a business decision. For a landlord, their home is likely the biggest investment they’ve made in their lives. For the renter, the property is the roof over their head, where their family comes home to everyday. Hiring a professional to balance the needs of both parties, all while acting in the homeowners’ best interest, could undoubtedly be the best decision any homeowner could make.
McGrath Property Management
McGrath Real Estate Services has been an industry leader in residential property management in Northern Virginia since 2007. Originally established in 1976, we currently manage over 725 properties in the Northern Virginia area and can provide you with numerous references at your request. At McGrath Real Estate we take a unique approach to serving our customers in all their real estate needs. McGrath Real Estate employs a team approach. We have departments whose sole responsibility is to ensure that their specific aspect of property management (for example, maintenance) is done consistently and effectively. Our seven year stint as the leader in the Northern Virginia Property Management industry is a result of our dedication and ongoing pursuit of the effective and efficient departmentalized approach. Our departments include Accounting, Administrative, Client Advocate,Inspections, Leasing, Repairs and our experienced Realtors who prioritize showing McGrath rental listings in Northern Virginia.