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7 Best Property Management Companies in Richmond

7 Best Property Management Companies in Richmond

Do you own a rental property in Richmond? Are you looking for a property management company in Richmond to manage it? 

We’ve got you covered. In this article, we’ll walk you through 7 of the best property management companies in Richmond. We’ll cover pricing, specialties, guarantees, and more so that you have a place to start on your hunt for the perfect PM.

If you’re at a complete loss on where to start, we suggest you read this article where we discuss what to look for in a property manager, depending on your individual situation and investment goals.>>

Now without further ado, let’s get started.

Richmond, VA

Evernest

Evernest started at the beginning of the 2008 economic crisis by default. When the bottom fell out of the residential housing market, our founder, Matthew Whitaker, was left holding 30 rental houses that he wanted to sell but couldn’t. So he set out to find a property manager with similar beliefs and management preferences as his own. Later that year, Matthew started Evernest and opened our doors for business.

Evernest (formerly gkhouses) has grown into a nationwide company, managing thousands of homes in dozens of real estate markets. Evernest offers in-house maintenance, no fees for cancellation, and a waived lease fee if a resident leaves within the first year. Residents also have access to a 24/7 hotline. 

  • CEO/Founder: Matthew Whitaker
  • BBB Rating: A+
  • Google rating: 4.5/5 (5,584 reviews)
  • Years in business: 14
  • Number of people: 325+
  • Rentals managed: 11,000+
  • Number of markets: 24+ 
  • Specialties: Single-family residential, multi-family, HOA, property maintenance, rental property investing, investor and landlord education
  • Property management fee: $89 flat fee (or 8% for owners with 2+ properties) 
  • Leasing fee: Half of the first month’s rent
  • Renewal leasing fee: $200 (or $150 for owners with 2+ properties)
  • Maintenance fee: Hourly rate + cost of materials 
  • Property setup fee: $0
  • Professional certifications: N/A
  • Other services: Brokerage, HOA, Multi-family, in-house maintenance, in-house underwriting, leasing 
  • Learn more: https://www.evernest.co/location/richmond/  

Bay Property Management

  • Ptenant: Patrick Freeze 
  • BBB Rating: A+ (accredited) 
  • Google rating: 5/5 (22 reviews)
  • Years in business: 10+
  • Number of people: 170+
  • Rentals managed: 5,500+
  • Number of markets: 25
  • Specialties: Single-family residential, multi-family 
  • Property management fee: 8%
  • Leasing fee: First month’s rent
  • Renewal leasing fee: 25% of one month’s rent
  • Maintenance fee: N/A
  • Property setup fee: $99
  • Professional certifications: https://www.narpm.org/
  • Other services: Leasing, resident placement
  • Learn more: https://www.baymgmtgroup.com/

Fauver Group Real Estate

Fauver Group Real Estate is a boutique brokerage and property management company located in Richmond, Virginia. They provide buying and selling services and property management and leasing services.

Their flat-fee leasing service includes marketing, property showings, resident screenings, and lease drafting. With their management services, they will handle rent collection and security deposits and oversee all maintenance requests. 

  • Broker: Zachary Fauver
  • BBB Rating: N/A
  • Google rating: 5/5 (40 reviews)
  • Years in business: 5+
  • Number of people: 4+
  • Rentals managed: N/A
  • Number of markets: 1
  • Specialties: Townhomes, single-family residential 
  • Property management fee: 10%
  • Leasing fee: $900
  • Renewal leasing fee: N/A
  • Maintenance fee: N/A
  • Property setup fee: N/A
  • Professional certifications: N/A
  • Other services: Leasing, brokerage
  • Learn more: https://www.fauvergroup.com/

Mission Realty Property Management 

Founded in 2007, Mission Realty Property Management is a property management and leasing company servicing homes in Richmond and surrounding areas. The owner, Clayton Gits, is also the owner of Mission Realty Brokered by eXp. He opened Mission Realty PM for the ability to provide property management services alongside his existing brokerage. 

Mission Realty provides resident screening, marketing, move-in inspections, and lease signing services. With their property management, they include resident handlings, rent collection and accounting, 24-hour emergency services, maintenance oversight, monthly statements, and regular inspections every six months. 

They also offer optional eviction protection for an extra $25 a month. Included are the necessary documentation and an attorney. They will handle the whole process, including appearing in court. 

Keyrenter Property Management Richmond

  • CEO/Founder: Calvin Davis
  • BBB Rating: N/A
  • Google rating: 4.8/5 (256 reviews)
  • Years in business: 5+
  • Number of people: 5+
  • Rentals managed: 200+
  • Number of markets: 1
  • Specialties: Single-family residential 
  • Property management fee: $120 or 10% of monthly rent (whichever is highest)
  • Leasing fee: $800 or 75% of the first month’s rent
  • Renewal leasing fee: $350 or 25% of one month’s rent
  • Maintenance fee: 10% of the invoice (on coordinated maintenance costing $300+)
  • Property setup fee: N/A
  • Professional certifications: https://www.expertise.com/va/richmond/property-management
  • Other services: Leasing, resident placement
  • Learn more: https://keyrenterrichmond.com

Real Property Management Richmond Metro

  • Principal Broker: Ralph Reahard
  • BBB Rating: N/A
  • Google rating: 4.6/5 (578  reviews)
  • Years in business: 7+
  • Number of people: 10+
  • Rentals managed: N/A
  • Number of markets: 1
  • Specialties: Single-family residential 
  • Property management fee: 8.9% for the standard plan, 9.9% for the premium plan,  11.9% for the all-inclusive plan, or 12.9% for the wealth optimizer 
  • Leasing fee: 50% of one month’s rent for all plans
  • Renewal leasing fee: $195 for all plans
  • Maintenance fee: N/A
  • Property setup fee: N/A
  • Professional certifications: https://www.expertise.com/va/richmond/property-management
  • Other services: Leasing, resident placement
  • Learn more: https://www.rpmrichmondmetro.com/

Renters Warehouse Richmond

  • CEO/Founder: Wes Donovan
  • BBB Rating: A- (accredited) 
  • Google rating: 4.5/5 (579 reviews)
  • Years in business: 8+
  • Number of people: 5+
  • Rentals managed: N/A+
  • Number of markets: 1
  • Specialties: Single-family residential
  • Property management fee: $119 a month for one unit, $109 a month for 2-4 units, or $99 for 5+ units
  • Leasing fee: One month’s rent for a  0-17 month lease, one and a half month’s rent for an 18-35 month lease, or two month’s rent for a 36+ month lease
  • Renewal leasing fee: $350
  • Maintenance fee: N/A
  • Property setup fee: $99
  • Professional certifications: https://www.expertise.com/va/richmond/property-management
  • Other services: Leasing, resident placement, investor services
  • Learn more: https://www.renterswarehouse.com/offices/richmond

Manage Your Property with Evernest

When hunting for a property manager, there are a lot of factors to consider. However, it comes down to your individual situation and goals. The best property manager is the one that fits your preferred style as an owner, hits the right price point, and covers you where you need it most. If you’re curious whether that company is ours, we’d be happy to answer your questions. You can check out our Richmond property management information by clicking here.>>

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