Springfield Virginia is the epicenter of southern Fairfax County. While Springfield is primarily a residential community, it is also the the interchange for major commuter highways such as I-95, I-395, and the Capital Beltway.
Home of Lake Accotink, the area is surrounded by parks and hiking trails with fishing and kayaking as just a few of the outdoor activities available. The Springfield Town Center also provides ample shopping, dining, and entertainment options.
Benefits of Owning a Rental Property in Springfield
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 Springfield:
- Desirable Location
Springfield offers a sparse suburban feel with plenty of restaurants, shops and parks.
- Tax Deductions
Owning a real estate investment property comes with many tax benefits including mortgage interest and home repairs.
- Building Equity
As tenants pay rent, rental property owners build equity with a diminishing mortgage and real estate equity.
Do I Need to Hire a Property Management Company?
There are many benefits to hiring a Springfield 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 Springfield and Northern Virginia rental market. Offering 24-hour emergency maintenance and customer service, with some of the lowest fees among Springfield 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.