Great Falls Property Management
Residential property management companies in Great Falls, VA
Homeowners are becoming landlords due to the shifting real estate market in Northern Virginia
Despite a history of strong resales in 2012 and 2013 for single family homes, townhouses and apartments in Northern Virginia, the real estate market currently favors sellers. This regional trend has affected Fairfax County as well as the rest of Northern Virginia.
What does this mean for sellers? You now need some patience to ride out the current market. However, many feel frustrated as their homes sit on the market indefinitely. In fact, more and more sellers have let their listings expire due to the lowball offers they’ve received from buyers and investors trying to scoop up bargains.
A growing percentage of homeowners who previously wouldn’t have considered renting out their homes have found a solution by turning to property management experts. Firms like WJD Management, specializing in managing residential properties in Great Falls and the surrounding area provide quality services to homeowners by renting and maintaining their homes, which gives their clients–especially those relocating out of the area–an opportunity to ride out the current market.
Great Falls Property Management & the NoVa Market
Are you’re a homeowner in the Great Falls area and getting ready to put your home on the market? Before doing so, make sure to read up on the local rental market.
Since 2014, statistics have shown a trend shifting away from the strong seller’s market, towards a buyer’s market. In this climate potential homeowners are seeing a rare opportunity to purchase properties in desirable locations for a great value. However, while this benefits buyers, it also puts an incredible amount of pressure on the shoulders, not to mention wallets of the seller’s.
Homeowners become landlords for all kinds of reasons. The list includes relocation for job opportunities outside of the region, upsizing as families grow, or downsizing when the kids leave the nest. These owners lose money with each month they’re unable to sell. So with the help of the best property management teams in NoVa, property owners can transition easily from resident to landlord.
When shopping around for a professional rental management company, landlords simply want to know they will get a cost-effective way to manage and maintain their homes–as well as a firm that follows best practices in getting paid on time by tenants. Top property management firms screen and select the perfect candidates to rent to, as well as staying on top of the home maintenance, so you, the property owner, can avoid day-to-day stresses relating to tenants and focus on your other priorities.
WJD Knows the Great Falls Rental Market
With over 30 years of experience, WJD has a proven track record as one of the best property management firms in Great Falls, as well as across the Greater D.C. and Northern Virginia market.
We pride ourselves on our reputation for the relationships we’ve built over the years with private and investor 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 (instead of losing money with the countless expenses that can come along once you have tenants and responsibilities to fix things that break.)
The Northern Virginia Property Management Experts
For more than 30 years our clients throughout Northern Virginia have experience our topnotch commitment to their valuable property investments. WJD provides an impressive variety of services as a premier rental property management firm, at fees that are competitively priced. Be sure to visit us at our office which is located close to Fairfax, VA,–discover what makes us leading management specialists in Great Falls and all of Northern Virginia. You can also request a free rental market analysis directly by contacting us via phone.