Alexandria Virginia Property Management
Understanding Alexandria Virginia Property Management
Looking for more information about Alexandria, Virginia property management? It might interest you to know that more and more homeowners are becoming landlords, a clear indication of a shifting real estate market in Northern Virginia
In a recent article published by NVAR, authors note, “What is interesting is that the average sales price (SP) to original list price (OLP) ratio is at an incredible 98 percent in our region;” said NVAR Board Member Christina Macro. “This means that sellers are getting almost what they ask for. I do think that this is a function of pricing properly. When a property is priced well and shows well, we see stable or increasing ratios of SP to OLP.
What this means for sellers is a lucrative and stable rental market. With increasing values, some have found a steady stream of income by turning to the experts in property management. Providing quality services to homeowners by renting and maintaining their homes, gives their clients an opportunity to realize returns in the current market.
The Alexandria, Virginia Rental Market
Are you’re a homeowner in the Alexandria Virginia area and getting ready to put your home on the market? Before doing so, make sure to read up on the local rental market.
There are many reasons why homeowners have become landlords in the past year. This list includes relocation for job opportunities outside of the region, Foreign Service, overseas military duties, upsizing as families grow, or downsizing when the kids leave the nest. These owners lose money with each month they’re unable to sell their homes. So with the help of the best property management teams in NOVA, they go from homeowner to landlord.
When choosing an excellent rental management company, a landlord finds the services they provide a huge relief. They screen and select the perfect candidates to rent to, as well as stay on top of the home maintenance, so the property owner can focus on the important things in their lives.
WJD has their finger on the pulse of the Alexandria Virginia Rental Market
With over 35 years of experience and over 25 years in business, WJD has a proven track record as one of the best property management firms in North Ridge Alexandria as well as the D.C. and Northern Virginia market.
We pride ourselves on our reputation for the relationships we’ve built over the years with both private and professional clients alike. What makes us special is our ability to stay on top of current and ever changing trends in the real estate market in the region.
What makes this area so strong is the proximity to Washington D.C. with its plethora of jobs in the political, government, and military sectors. These temporary and long-term contracts provide a booming market for rentals.
Another reason potential homeowners prefer to rent, despite interest rates dropping, are memories of the economic recession not too long ago. While these investors rebuild the funds they lost during that time, they are watching and waiting to see which way the home market will go. They also know that mortgage loans are much stricter now than they were in the past.
While uncertainty lingers in the sellers’ market, the renters market gives sellers breathing room and the opportunity to profit from becoming a landlord.
What Owners Say About WJD Management
“WJD has managed our property for over 16 years. During that time, they have found qualified tenants, collected fees and rents, inspected the property, and kept the property continuously occupied during those many years. Communication has been excellent. They have advised us regarding rent and maintenance issues, and I have recommended them to others over the years and will continue to do so.” – L.D., WJD Owner
The Alexandria Virginia Property Management Experts
For more than 35 years our clients throughout Northern Virginia have experience our top-notch commitment to their investments. WJD provides an impressive variety of services as a premier rental property management firm, fees that are competitively priced. Be sure to visit us at our office which is located close Fairfax, VA and discover what makes us leading management specialists in Alexandria, Old Town Alexandria and all of Northern Virginia. You can also request a free rental market analysis.
Why Own Rental Property in Alexandria Virginia?
Alexandria is an independent city in the Commonwealth of Virginia in the United States. As of the 2010 census, the population was 139,966, and in 2019, the population was estimated to be 159,428. Located along the western bank of the Potomac River, Alexandria is approximately 7 miles (11 km) south of downtown Washington, D.C.
Like the rest of Northern Virginia, as well as Central Maryland, modern Alexandria has been influenced by its proximity to the U.S. capital. It is largely populated by professionals working in the federal civil service, in the U.S. military, or for one of the many private companies which contract to provide services to the federal government. One of Alexandria’s largest employers is the U.S. Department of Defense. Another is the Institute for Defense Analyses. In 2005, the United States Patent and Trademark Office moved to Alexandria, and in 2017, so did the headquarters of the National Science Foundation.
The historic center of Alexandria is known as Old Town. With its concentration of boutiques, restaurants, antique shops and theaters, it is a major draw for all who live in Alexandria as well for visitors. Like Old Town, many Alexandria neighborhoods are compact and walkable. It is the 7th largest and highest-income independent city in Virginia. – Wikipedia