Williamsburg

Why should I hire a Property Manager for my Rental Home?

imagesQQ8ZNBQCI thought I could manage our home being 2000 miles away, I did not need a property manager.  Wow! What I learned in the past 2 ½ years has changed my mind.  I would 100% recommend a property manager if you own a home and rent it. So the Question is why should I hire a property manager?

  • Owning and renting properties can be rather stressful as it was to me.  The constant watching over and answering tenants needs, the worrying about and dealing with bad tenants, and overall care for the property.
  • Benefit of Property Management The main benefit of property management to owners of houses for rent and other real estate properties is the preservation of their properties.
  • The Role of a Property Manager Property management is a process that aims to safeguard the interests of both landlords and tenants by fulfilling the basic responsibilities:
  • Screening Tenant Applications The screening process includes a complete credit check, search for prior eviction, tenant history, employment verification and bad check search.
  • Collecting Rents One of the primary duties of a property manager involves the timely collection of rents and bookkeeping services like payment of bills and mortgage payments if requested.
  • Taking care of the regular maintenance and repairs of the property Once you accept paying tenants, you are expected to resolve maintenance issues promptly. There are building repairs that must be addressed immediately like carpentry, roofing, painting, electrical and plumbing works.
  • Acting as liaison between owner and tenant, you need a property manager to represent you in resolving issues with your tenants.
  • Providing security to the property The property manager is also responsible in securing the premises of the property from thefts, fires, illegal intrusions and other man-made hazards that can endanger the property whether occupied or vacant.

Now you ask, I need one how do I begin to find a Property Manager I can trust?

A property manager can play a vital role in the rental process of an investment property. The property manager will seek to maximize weekly rental income and source high quality tenants who will best take care of your asset.  It is therefore, crucial to choose wisely when deciding who should represent you and your property. To ensure that you appoint the most suitable agent to manage your property it is important to do your research and meet with a few agencies before making a final decision.

Below are some of the key questions I feel are important for you to ask before you make that final decision. A good property management company will not mind the questions.

Questions to ask when interviewing a property manager: My top ten

  1. Does your agency have a dedicated property management department?

Some agencies will view the task of property management as less important than selling and will therefore leave this task up to the front desk staff or receptionists. Discover if the agency is experienced in the area of property management and has dedicated staff to effectively manage your property.

2. Is a director/owner of the agency overseeing the property management department?

How focused is the agency on property management? The more important property management is to an agency, the more successful they may be at effectively managing your property.

3.  How many years of experience do you have in property management?

Experienced property managers will be able to attract the best tenants to look after your property and deal with those that become difficult.

4. Can you provide me with a written current comparison of rental values in the market?

An experienced and knowledgeable agent will be able to benchmark comparable rental properties on the market and advise you of the optimal rental return you should receive from your property.

5. What is your process for reviewing potential tenants?

How do they determine whether the tenant is suitable for a property? Do they conduct police checks, or checks regarding their past rental history, current employment, etc?

6. How many properties are you managing at the moment?

Are they representing many other people, hence being reputable and successful? Bigger however is not always better, it is also important to establish if you will be a priority and get the service and attention required during the property management process.

7. Will you go to court to represent me if needed?

In the case that you experience difficult tenants, you may need to go to court to resolve certain issues about the bond or other matters. The property manager you decide on will need to be experienced and willing to support you in these times.

8. Will you advise me of any maintenance and repairs that need to be made to the property?

In particular when non urgent repairs need to be made, will you seek approval before getting items repaired?

9. What are your fees?

Enquire about management fees as well as any other costs a property manager may charge. Typical fees you may incur include those related to sourcing tenants, ongoing management of property and monthly statement fees.

10. Can I please see some references or contact details of the landlords using your property management services?

What level of service was provided to past clients? Did they take care of the landlord and follow through on all which was promised?

If you are in the Williamsburg area and looking for a property manager, you should check into Liz Moore and Associates, they answered these questions for me upfront.  See if they are a fit for you and your property.  I just made the choice to go with a property management company,  Liz Moore and Associates and I believe it is one of the best decisions I have made in regards to our home.

If A Meteor Hit Your Home In Williamsburg, VA … Who Pays For The Damage?

MeteorBy: Williamsburg Military Insider

Today after watching the news about the meteor that hit In Russia; I was curious if my home would be covered by a similar event. If your house is hit by a space object — such as the remnants of the meteor that stunned people in the Urals region of western Siberia — it won’t be a major hit to your bank account. CNN Money has a good Article, about falling objects hitting your house.

All Things Great….Thought of Moving or Relocating to Williamsburg, VA?

CWBy: Williamsburg Military Insider

Few places combine the cultural and historical aspects of Williamsburg, Virginia. U.S. Airways Magazine February 2013 has highlighted how wonderful Williamsburg, VA is!  The past meets the present in a place where America travelled from the frontier days of Jamestown in 1607, through the American Revolution and on to the Civil War. Restored Colonial Williamsburg recreates town life and, together with nearby Yorktown and Jamestown, help visitors and residents revisit and remember our national roots. Virginia’s colonial capital still thumps to the beat of the fifes and drums and the hammering of metal at the blacksmith shop.  You can still take a carriage ride down Duke of Gloucester Street, tour the Governors Palace, and walk in the footsteps of George Washington.  But you can also go to the spa, shop in Merchants Square, and play 18 holes at the Golden Horseshoe Golf Club.  That’s right: John D. Rockerfeller Jr.s dream in now studded with world class amenities.  The presence of one of the top small colleges in the country in William and Mary brings the vibrancy of young ideas and contemporary cultural life to blend with the old. Families flourish in the mild Virginia climate and enjoy the proximity to Virginia and North Carolina beaches, Blue Ridge Mountains and urban attractions of Norfolk, Richmond and Washington, D.C. all within 1-3 hours driving time. The commute to Langley AFB 20-30 min, there is nothing better than living in Williamsburg, VA.

I Recently had a Short Sale In Williamsburg, VA When Can I Get a Mortgage Again?

By: Williamsburg Military Insider

The chart below is a great tool to give you a basic guide when you might qualify for a mortgage again, if you have had a Short Sale. With a conversation with Nina Efird of Suntrust bank if you had a VA Compromise Sale, the VA is requiring you to pay back the delinquency if you would like to have full eligibility.

The specific wording on the VA official site includes the following;

“…although the veteran’s debt was waived by VA, the Government still suffered a loss on the loan. The law does not permit the used portion of the veteran’s eligibility to be restored until the loss has been repaid in full.”

If a VA loan applicant is notified that a debt to the government exists, or was aware of the debt prior to applying for the loan, it’s a very good idea to contact the VA directly to work out the details of repayment before trying to apply for a new VA mortgage.

Another important fact to remember–you may still be able to take advantage of any unused VA loan eligibility. If a borrower did not use the full entitlement on the previous VA mortgage, any remaining entitlement may be allowed.

A borrower’s debt to the government for a compromise claim could be factored into the debt-to-income ratio unless the lender feels the compromise claim debt is too large compared to other financial factors. Such debt might result in the need for a down payment, or a larger down payment than usual–requirements will differ from lender to lender.

 http://www.benefits.va.gov/homeloans/faqelig.asp

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763 e-mail me at jenniferhernandez@lizmoore.com

New Outdoor Recreational Facility for Military near Williamsburg at Cheatham Annex

By: Williamsburg Military Insider

An expanded outdoor recreational facility for military veterans and their families was revealed last week during their grand opening at Cheatham Annex, part of the Yorktown Naval Weapons Station.

Among the new amenities are 16 cottages, 50 recreation vehicle hook-up sites and 20 tent campsites. Six of the new cottages have two bedrooms and 10 are three-bedroom units. Included with the cottages and RV sites is a new comfort facility that has showers, a laundry room and lounge.

The Navy says the project cost $6.5 million and took a year-and-a-half to complete.

The MWR Outdoor Recreation facility provides year-round services for active duty, reserve and retired military and their dependents. Along with cottages, RV sites and campsites, MWR Outdoor Recreation has boat and kayak rentals, mountain bikes and fishing gear.

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763 e-mail me at jenniferhernandez@lizmoore.com

Ever Thought of New Home Construction With a Premier Builder Between $155k -$250k in Williamsburg? Don’t Miss The Ironbound Redevelopment Project.

By: Williamsburg Military Insider

Wayne Harbin Builder has partnered up with James City County to bring affordable new homes to the Williamsburg area within the Ironbound redevelopment Project.  Imagine having a new home within walking distance of New Town and High Street; enjoy shopping, dining and entertainment.  These wonderful homes range from $155,000-$250,000.00.  View the Amenities and Available plans.  You will not want to miss this opportunity to have a New Construction Home by Wayne Harbin homes who builds certified EARTHCRAFT homes to ensure an energy-efficient home that will save you money in the years to come. Ready to Purchase? Contact Jennifer Hernandez at 757.651.3763 and we will get the ball rolling.

James City County also offers a First-Time Homebuyer Program, click here for details.

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763 e-mail me at jenniferhernandez@lizmoore.com

Today is National Random Acts of Kindness Day…Williamsburg what are you going to do ?

By: Williamsburg Military Insider

Today is National Random Acts of Kindness Day. The time has come when we cannot just rely on others to make the world a better place – each one of us has to do our bit.

I stumbled across a great article with wonderful suggestions, 29 Ways to Carry Out Random Acts of Kindness Every Day.  I am going to do a few of these everyday!

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763                    e-mail me at jenniferhernandez@lizmoore.com

Today is not a day off….It is a day of service!

 
 
My favorites from MLK below.  He is a true inspiration to me and why I take the time to step back and volunteer my time with many non-profits. All it takes is one person to take the time to volunteer in any capacity, and that can impact the lives of many people.  So much can change just from one person willing to do a selfless act of wanting to help.
 
Faith is taking the first step even when you don’t see the whole staircase.

Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.

An individual has not started living until he can rise above the narrow confines of his individualistic concerns to the broader concerns of all humanity.

A genuine leader is not a searcher for consensus but a molder of consensus.

I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin, but by the content of their character.

I have decided to stick with love. Hate is too great a burden to bear.

Life’s most persistent and urgent question is, ‘What are you doing for others?’

Martin Luther King, Jr.

The Time is now to Purchase a Home in Williamsburg, VA!

By:  Williamsburg Military Insider

Although in the past 12 months real estate inventory levels in Williamsburg have begun to shrink somewhat slightly, historically we still have an excellent selection. The best time to purchase your home is now, while the Williamsburg market provides the best combination of price and selection.

One of the most attractive benefits of purchasing a home today is the above average number of choices available.

If you are buying a new car, computer, lap top, refrigerator or any other consumer good, you can delay the purchase while looking for a lower price. Whether you are right or wrong about the future price of an item, you are still able to purchase that same item later. A home purchase is unlike any other acquisition a family can make. Homes are very personal. Your home is where your family lives. Different upgrades, the location, lot shape and size, orientation on the lot, and a host of other details are unique to the locale.

When more choices are available, you have a much better chance of finding the right home with more of the features you really want at an excellent price. As real estate prices rise again, buyer demand causes home inventory levels to drop. This makes it very difficult to find a home with the features you desire. Do not be left out of the booming home market. Check out the Williamsburg Listings today!

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763  or e-mail me at jenniferhernandez@lizmoore.com

Hello 2012!!

Hello 2012 –May it be another year of new beginnings and heartfelt dreams for all my family and friends. I wish all a healthy and peaceful year in one’s lives. Although there are always obstacles and hurdles to jump, it is the body, spirit and mind in each of us that helps determine the paths we follow, aspire too and challenge to the fullest.
Make it the best year for and your family. Smile, laugh, love, and above all pay the goodness to others forward. Here is to a great 2012!!

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763 or e-mail me at jenniferhernandez@lizmoore.com