Top Rated By Gartner
"I want to know what's going on, but I don't want to be on call 24/7. This works perfectly!"
Sonia, 5 rentals
Services start at $40/month
Full transparency and control with your financials and Virginia rental income
Let us automate your workflow and operations
Local Portsmouth support while you monitor your property management from anywhere
Scott Westfall is a licensed broker and real estate consultant, partnering with clients to grow their knowledge, understanding, and ability to leverage real estate assets as long-term investments to meet their personal financial goals. After ten years of experience in vacation rentals, property management, and real estate sales in Hampton Roads... See more
Scott Westfall is a licensed broker and real estate consultant, partnering with clients to grow their knowledge, understanding, and ability to leverage real estate assets as long-term investments to meet their personal financial goals. After ten years of experience in vacation rentals, property management, and real estate sales in Hampton Roa... See more
The Associates is a property management company that was created with one goal in mind...To give our clients the best customer experience in the industry. We are a full-service management company that specializes in conventional and multi-family housing, single-family homes, condominium, and commercial property management. We develop our values t... See more
Portsmouth, Virginia, is an independent city located in the Hampton Roads metropolitan area of southeastern Virginia. It is bordered by the cities of Norfolk and Chesapeake to the north, and by Suffolk to the south. Portsmouth is home to Naval Medical Center Portsmouth, as well as the Port of Virginia. The city's economy is largely based on maritime industries, including shipbuilding, ship repair, and shipbreaking. Portsmouth is also home to a variety of tourist attractions, including the Portsmouth Historic Dockyard, the Mary Rose Museum, and the HMS Victory Museum.
The average property management fee for rental properties range from 8% to 12% of the monthly rental income. For instance, if your rental property’s monthly rent is $2,000, the management fee would typically range from $160 to $240 per month. With a property management software, like Hemlane, you can manage your rentals for as little as $40/month.
Many property management firms typically charge a monthly fee ranging from 8% to 12% of the rent they collect. Some may charge less or more, but the average hovers around 10%.
A property management company is responsible for overseeing various aspects of rental properties on behalf of property owners. Their responsibilities generally include: marketing and advertising, screening potential tenants, drafting and renewing leases, tenant move-in and routine property inspections, tenant communication, rent collection, maintenance and repairs, and financial management. With Hemlane, you get 90% of what a property manager does at a fraction of the price. From advertising, maintenance coordination, rent processing, and eviction support.
A property management software are applications designed to assist landlords and property managers in automating their back-office tasks, financial operations and administrative procedures. This includes monitoring maintenance requests, document storage, providing an online tenant portal, processing rent payments, and more.
The main benefits of a property management softwares are to reduce costs and promote growth by automating the day-to-day administrative tasks. Here are some ways this is done: providing an easy way to monitor maintenance, streamlining accounting and payments, and automating tenant communication.