Fair Oaks, Virginia
Voted as one of the best places to live in Virginia, Fair Oaks is a located west of Fairfax and is mostly suburban neighborhoods and office parks. More than half of Fair Oaks residents rent their homes and the area schools are highly rated.
Home to many families and professionals, Fair Oaks boasts many restaurants, coffee shops, and parks. The Fair Oaks Mall offers many entertainment options for families and individuals.
Benefits of Owning a Rental Property in Fair Oaks
Investors looking for a high-yield know that rental properties are the way to start. Investment properties serve as a source of supplemental income as well as a great long-term investment. Here are a few additional benefits of investment properties in Fair Oaks:
- Desirable Location
Fair Oaks offers a combination of urban and suburban feel with easy commuter access.
- Tax Deductions
From home repairs to mortgage interest, owning a rental investment property offers many tax benefits.
- Building Equity
With more than half the Fair Oaks population renting, you’ll be able to build equity in your rental property as your tenants pay rent toward your mortgage.
What are the benefits of hiring a property management company?
There are many benefits to hiring a Fair Oaks Virginia property management company. A property management company offers everything from tenant placement and a multi-channel marketing platform to emergency maintenance and financial reporting.
You can count on a property management company to understand local laws and stay up-to-date with the ever-changing legislation to protect your investment.
They can also advise owners on how to make the most of their tax deductions or how to seize the best available investment opportunities.
Property management companies can be counted on to deal with the legal and financial issues related to having tenants. They will act as your accountant and rent collector. They will begin eviction proceedings if tenants don’t pay rent and take problem renters to court.
Do you have the time to screen new tenants, conduct background and criminal checks, calling references to find the right tenants? Do you have the staff to deal with two complaints at once?
When landlords have an issue, property management companies have a structured response with contractors and other professionals in reserve, ready to act in a coordinated effort to solve tenants’ problems.
Why Choose Bay Property Management Group?
Bay Property Management Group is a top-notch property management company that understands the Fair Oaks and Northern Virginia rental market. Offering 24-hour emergency maintenance and customer service, with some of the lowest fees among Fair Oaks and Northern Virginia rental management companies. BMG has a robust advertising campaign to get new listings on the market to fill rental units fast. They also provide a thorough tenant screening process to include credit, rental and criminal history as well as income and employment verification. This approach guarantees strong market exposure to the best potential tenants for your property.