If you’re an active duty member of the military and you’ve received PCS orders you might be concerned about what to do with your property in the Alexandria area. Instead of rushing to sell it, consider putting it on the rental market until you return to the area. This solution can also work well for veterans who are relocating out of areas such as Quantico, Fort Belvoir, Dahlgren or Fort Meyer. The sales market is improving, but you might do better with your investment if you rent it out with the help of a professional property manager.
Benefits of Renting
When you put your property on the rental market, you can use the rental income to offset the housing costs you’ll have in your new location. The rent you collect can cover your mortgage, insurance and property taxes, and the value of your home will continue to appreciate. Depending on the amount of rent you’re able to achieve, you might end up making a profit in both the short term and the long term. Plus, you’ll be able to move back into the property once you return to Virginia. If you don’t have any plans to return, renting it out is still a viable option until you’re ready to sell at a higher price.
Professional Property Management
Working with a professional property manger like the team at The Realty Solutions Group will ensure your property is taken care of in your absence. Our thorough screening process will place only highly qualified tenants in your home so you know the rent will be paid on time and the property will be well maintained. Your property manager will collect rent and deposit it directly into your account every month.
Using a property manager will also provide emergency maintenance 24 hours a day and seven days a week. We will be your local eyes and ears, inspecting the property twice a year and taking care of any required repairs with our pool of licensed and insured vendors. We work with professionals who provide free estimates when work needs to be done. You’ll have access to an online portal which provides clear accounting statements as well as access to documents such as 1099 forms.
The Realty Solutions Group offers special discounted rates for active and retired members of the military. We appreciate your service and we’d like to help with your plans by taking excellent care of your property while you’re gone.
The Realty Solutions Group is a property management company serving Alexandria and Northern VA. If you have any questions, or you’d like some help managing your property, please contact us and we’d be happy to tell you more.