The 20 Best Property Management Companies in Richmond for 2022

The 20 Best Property Management Companies in Richmond for 2022

Last Updated: September 4, 2022

Over the course of two weeks, we compiled a list of all legally operating property managers in Richmond and compared their service offerings, pricing and feedback from actual Richmond landlords to identify the best of the best.

Bay Property Management Group

Bay Property Management Group has more than a decade of experience providing residential property management solutions to Richmond owners & investors.

  • Address: 203 N Robinson St 2nd Floor #4, Richmond, VA 23220
  • Phone: 804-716-5507
  • Service Types: Residential only
  • Years in Business: 11+ years
  • Rentals Managed: 5500+
  • Better Business Bureau: A+
  • Management Fee(s): 8% of monthly rent
  • Tenant Placement Fee(s): 100% of one month’s rent
  • Lease Renewal Fee(s): 25% of one month’s rent
  • Miscellaneous Fee(s): $99 onboarding fee

Bay Property Management Group is a value-based management company offering full-service residential management solutions that maximize income and minimize stress. They emphasize effective communication that keeps you informed, your tenants looked after, and your property maintained while adding additional value throughout the rental process to provide peace of mind and make it less intimidating to get started. Bay PMG’s tenant placement uses marketing and showings to find a wide range of candidates and includes a 6-month tenant warranty on all tenants to make sure your cash flow is as reliable as possible with high-quality tenants who pass in-depth screening. Daily management uses online tenant and owner portals for improved communication and accessibility, allowing for anytime maintenance requests & rent payment for tenants and 24/7 report generation for you. Bay PMG also provides 24/7 emergency support to not only keep your tenants safe but to prevent costly disasters.

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Renters Warehouse Richmond

Renters Warehouse Richmond specializes in residential property management services for Richmond investment properties.

  • Address: 11207 Nuckols Rd Suite F, Glen Allen, VA 23059
  • Phone: 804-410-3300
  • Service Types: Residential only
  • Years in Business: 7+ years
  • Rentals Managed: 17000+
  • Better Business Bureau: A-
  • Management Fee(s): $99 – $119 per month depending on the number of units
  • Tenant Placement Fee(s): 1-2 months’ rent, depending on lease term
  • Lease Renewal Fee(s): $350
  • Miscellaneous Fee(s): $99 setup fee ($299 with existing tenants), $350 eviction admin fee

Renters Warehouse Richmond offers complete real estate management solutions for residential properties that allow you to control how involved you are throughout the entire rental property process thanks to both tenant placement and daily management. They’ll create a listing that highlights your property’s perks, market it throughout all online rental sites, show the property, screen applicants, and draft custom leases to quickly get the tenancy started with full protection & legal compliance for your peace of mind. Renters Warehouse also takes over the duties of the landlord during the lease term as part of daily management, ensuring that all rent is collected and maintenance is provided in a timely manner for better cash flow and fewer costly expenses due to damages & neglect.

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Peak Property Management

Peak Property Management offers full-service residential and commercial property management for owners and investors in the Richmond area.

  • Address: 4900 Augusta Ave Suite 101, Richmond, VA 23230
  • Phone: 804-372-3272
  • Service Types: Residential and commercial
  • Years in Business: 11+ years
  • Rentals Managed: Unknown
  • Better Business Bureau: N/A
  • Management Fee(s): 7% – 12.5% of monthly rent depending on the service plan
  • Tenant Placement Fee(s): 50% ($750 min.) – 100% of one month’s rent or $650 depending on the service plan
  • Lease Renewal Fee(s): $250 – $400 depending on the service plan
  • Miscellaneous Fee(s): $150 – $300 set up fee depending on the service plan

Peak PM handles all aspects of managing your property, taking care of all of the day-to-day operations so you can be hands-off while they work to generate you passive income. Services start with a consultation to help them understand your real estate investment goals and how to achieve them in addition to a rental analysis to accurately price your property. As part of their leasing services, they’ll market your property extensively, show it to prospective tenants, screen applicants for background data, and draft the lease in compliance with Virginia Landlord-Tenant laws. During the lease term, Peak PM handles all tenant communication, maintenance requests, rent collection, lease renewals and evictions, inspections, and accounting, with financial reporting provided through the online owner portal to keep you informed on your investment.

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Real Property Management Richmond Metro

Real Property Management Richmond Metro provides complete real estate management services for residential investment properties and associations throughout Richmond.

  • Address: 1100 Welborne Dr Suite 300, Henrico, VA 23229
  • Phone: 804-342-5800
  • Service Types: Residential and HOA
  • Years in Business: 8+ years
  • Rentals Managed: Unknown
  • Better Business Bureau: N/A
  • Management Fee(s): 8.9% – 12.9% of monthly rent depending on the service plan
  • Tenant Placement Fee(s): 50% of one month’s rent or 100% of one month’s rent for tenant placement only
  • Lease Renewal Fee(s): $195
  • Miscellaneous Fee(s): $65 move out evaluation

RPM Richmond Metro is a full-service management company specializing in residential property leasing & daily management with additional HOA support to more completely address your needs. Their services begin with a free rental analysis of your property to recommend improvements or maintenance to get it rent-ready and an income estimate to help you create an effective budget for the whole process before you commit to the leasing process. RPM’s leasing includes marketing through online rental sites like Trulia and local resources in Richmond as well as showings completed by property experts and screening completed for all applicants for peace of mind. They even draft a custom lease for everything tenancy and handle the security deposit for you so that legal compliance is not a concern. Day-to-day management services encompass all communication with the tenant, rent collection, and maintenance coordinating through the online tenant portal plus lease management as needed and financial reporting to keep you informed from afar. RPM Richmond Metro also works with HOAs to provide custom-tailored solutions that revolve around individual units, buildings, and the community as a whole such as coordination with the Board, meeting attendance, recordkeeping, budget drafting, bookkeeping, vendor negotiations, staffing, project oversight, and much more.

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Keyrenter Property Management Richmond

Keyrenter Property Management Richmond is a complete management company offering exceptional value for real estate investments throughout Richmond.

  • Address: 6905 Patterson Ave Suite 101, Richmond, VA 23226
  • Phone: 804-299-5100
  • Service Types: Residential and commercial
  • Years in Business: 5+ years
  • Rentals Managed: 200+
  • Better Business Bureau: N/A
  • Management Fee(s): Greater of 10% of monthly rent or $120
  • Tenant Placement Fee(s): 75% of first month’s rent ($800 minimum)
  • Lease Renewal Fee(s): 25% of first month’s rent ($350 minimum)

Keyrenter Richmond is a value-based management company that offers a number of guarantees to make the rental market as unintimidating and simple to get involved with as possible. They handle both tenant placement and daily management with a 30-day leasing guarantee to keep vacancy periods down, no upfront fees for a free trial run, 6-month tenant warranties, and protection against pet damages from screened pets to make their tenant placement as stress-free as possible while accounting for many of the potential pitfalls experienced during the rental property process. Keyrenter’s daily management uses industry-leading online portals for improved accessibility and communication to help protect your property thanks to anytime maintenance requests & rent payment as well as 24/7 emergency support to protect you and your tenant. Keyrenter Richmond also addresses lease issues with renewals and evictions as needed for a seamless rental income process.

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Mission Realty

Mission Realty provides residential property management services to owners and investors in the Richmond area.

  • Address: 3701 Cox Road, Richmond, VA 23233
  • Phone: 804-545-6651
  • Service Types: Residential only
  • Years in Business: 5+ years
  • Rentals Managed: Unknown
  • Better Business Bureau: A+
  • Management Fee(s): 10% of monthly rent ($100 minimum)
  • Tenant Placement Fee(s): 50% of one month’s rent

Mission Realty strives to maximize your profits and protect your investment, offering efficient and cost-effective management. Their services begin with a complimentary rental analysis to determine your expected rental income, identify ways to increase your earning potential, create a marketing plan, and get your property rent-ready. Once your property is ready to be leased, they will market your property around the clock to maximize its exposure, conduct showings for interested applicants, screen potential tenants thoroughly, and draft and execute the lease agreement, ensuring compliance with local and state laws. During tenancy, Mission Realty provides an online portal for tenants to make maintenance requests and rent payments at any time, while owners have access to your own portal for viewing financial statements, property reports, and tax documents. Daily management services also include routine inspections, conflict resolution, lease renewals, and evictions when necessary.

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Evernest Richmond

Evernest Richmond works with residential investment properties and associations throughout Richmond and the surrounding areas.

  • Address: 409 E Main St Suite 200, Richmond, VA 23219
  • Phone: 804-355-7368
  • Service Types: Residential and HOA
  • Years in Business: 13+ years
  • Rentals Managed: 11000+
  • Better Business Bureau: N/A
  • Management Fee(s): Contact for pricing

Evernest Richmond aims to provide a smooth and stress-free rental process through their complete residential management solutions that apply to both individual properties and HOAs. They’ll work with you to get to know your needs and goals so that they can custom-tailor a solution that ensures you achieve your profitability without overextending yourself to free yourself up to enjoy your rental income. They begin with a free rental report to outline your earning potential and make recommendations on how to improve it to help you make an informed decision about whether leasing your property is right for you. Once your property is ready, Evernest assists with creating a listing and marketing it through all major online and local rental sites & syndications to find a tenant as quickly as possible so that you can generate more income sooner. To help protect your investment, in-depth screening is conducted in regards to important data like rental history, criminal history, income rate, and more to provide peace of mind that your chosen tenant will provide the best opportunity for you to profit. Evernest’s daily management emphasizes tenant relations for a positive rental experience, using an online tenant portal for anytime rent payment and maintenance requests to maintain solid cash flow and keep the property in good shape and address lease issues as they arise. HOA management is available for residential communities that need help with organization, financial management, legal compliance, maintenance, or other services that contribute to adding value to the community as a whole in coordination with the Board.

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KRS Holdings

KRS Holdings manages residential and commercial properties throughout Richmond, backed by nearly 20 years of market experience.

  • Address: 2000 West Club Lane, Richmond, VA 23226
  • Phone: 804-554-3197
  • Service Types: Residential and commercial
  • Years in Business: 18+ years
  • Rentals Managed: 4000+
  • Better Business Bureau: N/A
  • Management Fee(s): Contact for pricing

KRS Holdings specializes in the management of real estate properties of all types & sizes. They aim to make it as simple as possible to get started with generating rental income from your property by providing both tenant placement and daily management solutions that take all the stress out of the process while retaining exceptional profitability with little to no time investment required. Services begin with a free rental analysis that outlines your expected earning potential and recommends improvements to achieve the maximum return before continuing towards marketing, showings, and screening for vacant properties. Along with a custom lease, these services allow you to fill your vacancy with a high-quality tenant quickly for reliable income. During the lease, KRS Holdings completely addresses the needs of the tenant and your property, working to collect rent and disburse it to you in a timely manner so you don’t have to chase down the rent each month and addressing maintenance requests as needed so you aren’t on-call for issues that pop up at all hours. They’ll also manage the lease to process renewals or evictions to maintain your cash flow for better profitability and peace of mind.

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PMI Richmond

PMI Richmond is a complete real estate management and brokerage company that supports all kinds of properties and HOAs throughout Richmond.

  • Address: 4860 Cox Road Suite 200, Glen Allen, VA 23060
  • Phone: 804-409-9825
  • Service Types: Residential, commercial and HOA
  • Years in Business: 13+ years
  • Rentals Managed: Unknown
  • Better Business Bureau: C+
  • Management Fee(s): Contact for pricing

PMI Richmond works to simplify the rental property process by providing full-service leasing and daily management as well as turnkey investment and HOA services that emphasize your profitability. Real estate brokerage services include market research, buying assistance, and property preparation to ensure that you’re in a position to achieve your ROI sooner while leasing works to find high-quality tenants for your vacancy through wide-reaching marketing for more candidates and in-depth screening to narrow the choices down to only the best. PMI Richmond also drafts custom leases and handles the security deposit in accordance with Landlord-Tenant laws to avoid costly penalties. Daily management services span all communication, financial management, and maintenance handling with anytime rent payment or maintenance requests through the online tenant portal while providing renewal & eviction services as needed to maintain your cash flow. PMI Richmond also supports HOAs with services aiming to add value to your community through efficiency, value-adding service, and custom solutions tailored to your specific need that include budgeting, dues collection, enforcement, tax assistance, common area maintenance, and much more.

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Hylton & Company

Hylton & Company is a real estate and property management company servicing all types of Richmond properties.

  • Address: 411 Branchway Road Suite 100, North Chesterfield, VA 23236
  • Phone: 804-592-1415
  • Service Types: Residential and commercial
  • Years in Business: 7+ years
  • Rentals Managed: Unknown
  • Better Business Bureau: A+
  • Management Fee(s): Contact for pricing

Hylton & Company offers complete investment property solutions spanning brokerage, construction, leasing, and daily management for all types of real estate. Their market experience helps to provide you with valuable insight into the best investment opportunities for you to consider purchasing and recommend cost-effective renovations that unlock greater earning potential for maximum profitability. High-quality tenants simplify the rental process so Hylton & Company advertises locally, online, and in the MLS to reach as many potential tenants as possible for short vacancy periods while screening applicants to help protect your investment. During the lease, Hylton & Company uses an online tenant portal to make communication, rent payment, and maintenance requests accessible for better tenant satisfaction plus lease management and reporting to help keep things running smoothly.

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Signature Properties

Signature Properties has more than a decade of experience providing Richmond owners, investors, and HOAs with full-service brokerage & management solutions.

  • Address: 5311 Lakeside Ave, Richmond, VA 23228
  • Phone: 804-746-7466
  • Service Types: Residential, commercial and HOA
  • Years in Business: 11+ years
  • Rentals Managed: Unknown
  • Better Business Bureau: A+
  • Management Fee(s): 10% of monthly rent
  • Tenant Placement Fee(s): 50% of one month’s rent

Signature Properties does it all, offering everything from real estate brokerage to full-service management to HOA management so that all your needs can be met in a single location. New investors looking for a Richmond property can get help with market research and identifying the best investment opportunity on the market as well as buying assistance to close the deal and get the property ready for the rental market as soon as possible. Once the property is under your control, Signature creates a listing for your property that uses high-quality photography to help highlight its features which is marketed through the MLS, online rental sites, local resources, and their personal connections to quickly find a tenant so that you can start earning income sooner. All potential tenants are screened to ensure your property is in good hands and each lease is custom-tailored for your property to protect you as much as possible for fewer headaches during the lease term. Daily management services span all communication, rent collection, bill payment, maintenance, lease management, and reporting so that it has everything necessary to generate rental income without requiring you to do anything except receive payment disbursements each month. Signature Properties supports HOA Boards with a wide range of management services aimed at increasing the value of your community as a whole through more efficient management practices, complete financial and maintenance handling, community building services, legal consultation & tax assistance, and more.

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Dodson Property Management

Dodson Property Management specializes in commercial property services, including both real estate and property management services for the Greater Richmond area.

  • Address: 409 E. Main St Suite 301, Richmond, VA 23219
  • Phone: 804-355-7368
  • Service Types: Commercial only
  • Years in Business: 15+ years
  • Rentals Managed: Unknown
  • Better Business Bureau: N/A
  • Management Fee(s): Contact for pricing

Dodson PM is a commercial-only management company that also assists with new investment property acquisition and development services as part of the full-service investment solutions. They’ll help you buy or build your next investment property or help bring your current property to rent-ready status all in one place for the simplest path to profitability. Dodson’s tenant placement focuses on high-quality tenants and short vacancy periods to ensure you achieve maximum income and profitability, with custom leases to protect against costly penalties or unnecessary expenses. During the lease, Dodson PM oversees the tenancy in its entirety to handle tenant relations, maintenance, lease issues, and reporting through the online tenant and owner portals as well as staffing and on-site services for properties that require them.

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Brick Road Rentals

Brick Road Rentals is a residential and commercial property management company servicing Richmond and the surrounding areas.

  • Address: 1435 W Main St., Richmond, VA 23220
  • Phone: 804-545-4457
  • Service Types: Residential and commercial
  • Years in Business: 13+ years
  • Rentals Managed: Unknown
  • Better Business Bureau: A-
  • Management Fee(s): Contact for pricing

Brick Road Rentals aims to reduce the stress of managing your property, taking care of all of the day-to-day operations so you can relax and enjoy life. To get started, they provide a free consultation to help them better understand you, your property, and your real estate investment goals so they can provide personalized service. They will also perform a rental analysis to price your property, create a marketing campaign, and prepare the property to be leased. As part of their leasing services, they’ll handle marketing the property, showing it, screening tenants to find qualified, respectful renters, and drafting the lease agreement in accordance with local and state laws. Tenants are provided a 24/7 online portal for anytime rent payment and maintenance requests, while owners have access to your own portal for rent disbursement, inspection reports, and income and expense statements. During tenancy, Brick Road Rentals also processes lease renewals and evictions as needed.

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Metro Realty Services

Metro Realty Services specializes in residential property management and brokerage services throughout Richmond.

  • Address: 701 Twinridge Ln, Richmond, VA 23235
  • Phone: 804-330-3075
  • Service Types: Residential only
  • Years in Business: 5+ years
  • Rentals Managed: Unknown
  • Better Business Bureau: A+
  • Management Fee(s): Contact for pricing

Metro Realty Services works to provide stress-free, cost-effective full-service investment services for all types of residential property. They’ll help you get started with a new investment property through market research, budgeting assistance, and buying services and help prepare your new or existing property for the market through cost-effective maintenance or renovations that add value to the investment. If your property is vacant, Metro will create a listing, market it throughout the MLS and online rental sites, and show the property as needed to quickly find a tenant before screening them for information like rental history and proof of income so that you can be confident in who your investment is trusted to. Day-to-day property management with Metro Realty Services includes tenant-facing and property-related services spanning the entire rental process for a hands-free solution that takes care of collecting & disbursing your rent, inspections and timely maintenance, 24/7 emergency support, renewals at new market rates, timely & compliant eviction processing to restore cash flow, and regular reports to keep you up to date on everything happening with your property at any time.

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1st Choice Realty Group, LLC

1st Choice Realty Group offers real estate brokerage and property management services for all kinds of Richmond investment properties.

  • Address: 2306 Boulevard Suite E, Colonial Heights, VA 23834
  • Phone: 804-520-9755
  • Service Types: Residential and commercial
  • Years in Business: 25+ years
  • Rentals Managed: Unknown
  • Better Business Bureau: N/A
  • Management Fee(s): Contact for pricing

1st Choice Realty Group helps with finding a new property and making the most of your existing property with full-service brokerage & management that saves you time, money, and stress. Their real estate agents will work with you to learn your goals, evaluate the market, and assist with acquiring the right property as soon as possible. Vacant properties will be filled with a high-quality tenant who passes their in-depth screening process and a custom lease will be drafted to ensure legal compliance & maximum financial protections with security deposit handling. 1st Choice Realty Group’s daily management takes care of property upkeep and tenant relations so that you can avoid being on-call for property or tenant-related issues and enjoy passive income. Rent collection, inspections, maintenance coordination, renewals, evictions, and reporting are just a few of the services provided to ensure your property has everything it needs to thrive.

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Charles A. Rose Co.

Charles A. Rose Co. is one of the longest-standing real estate and property management companies in all of Richmond and the surrounding areas.

  • Address: 4905 Radford Avenue Suite 108, Richmond, VA 23230
  • Phone: 804-288-4820
  • Service Types: Residential and commercial
  • Years in Business: 135+ years
  • Rentals Managed: Unknown
  • Better Business Bureau: B-
  • Management Fee(s): Contact for pricing

Charles A. Rose Company has exceptional local experience totaling over 135 years that they put to use providing you with optimal pricing, proven marketing, in-depth screening, low-cost upkeep, and guaranteed legal compliance for the most profitable and least stressful rental property process possible. Their team can assist you with finding an investment property to purchase for leasing or simply help turn your current property into passive rental income through one of their custom-tailored management solutions spanning everything from finding a tenant to overseeing the tenancy. Charles A. Rose Company uses their market knowledge to effectively market your listings at top-market pricing for the maximum return while also handling showings, screening, and lease drafting to get the tenancy started as soon as possible before they assume the role of the landlord to collect rent, coordinate maintenance, address lease issues, and generate financial reports that keep you informed at all times so that you can enjoy both peace of mind and hands-off profitability.

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G.E. Matthews Inc

G.E. Matthews has nearly a century of experience providing comprehensive management solutions for all types of real estate and HOAs throughout Richmond.

  • Address: 210 Temple Avenue, Colonial Heights, VA 23834
  • Phone: 804-518-0510
  • Service Types: Residential, commercial and HOA
  • Years in Business: 99+ years
  • Rentals Managed: Unknown
  • Better Business Bureau: A+
  • Management Fee(s): Contact for pricing

G.E. Matthews handles both rental property and association management for all types of real estate, using their extensive local experience to keep costs down, income consistent, and your stress levels low. They can take care of everything required to take your property from vacant to generating income for you with little to no involvement on your end outside of claiming your income each month. Services begin with marketing, showings, screening, and leasing during the tenant placement process to fill your vacancy with a source of reliable income and fewer expenses due to better upkeep from your tenant. G.E. Matthews also takes over the entire duty of being the landlord for your property so that you can be entirely hands-off while they collect the rent & disburse it to you, schedule inspections, coordinate maintenance, answer tenant communications, renew the lease with applicable rent increases, evict tenants with full legal compliance, and generate monthly & annual financial reports to simplify the financial side of things for you. G.E. Matthews’s HOA management solutions are customized to meet your specific needs and add value to the community as a whole. They’ll coordinate with your Board to identify which areas need assistance, generate a plan, and implement effective management strategies to improve efficiency in administration, financial management, maintenance handling, and other key aspects of HOA management.

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Ingram & Associates Property Management

Ingram & Associates Property Management offers residential and commercial property management services throughout Richmond and the surrounding areas.

  • Address: 3302 Oaklawn Blvd., Hopewell, VA 23860
  • Phone: 804-541-8353
  • Service Types: Residential and commercial
  • Years in Business: 47+ years
  • Rentals Managed: Unknown
  • Better Business Bureau: N/A
  • Management Fee(s): Contact for pricing

Ingram & Associates PM aims to protect your property and maximize your ROI through their full-service management, with plans customized to meet your real estate investment needs. Services start with a rental analysis to determine your expected monthly income and make recommendations on renovations that could add to your property’s value before it is prepared to be shown and leased. As part of their leasing services, they will market your property across multiple platforms to garner interest, show it to potential tenants, screen applicants thoroughly to ensure only qualified renters are placed, and draft the lease in compliance with Virginia Landlord-Tenant laws. Ingram & Associates PM prioritizes maintaining your property, so all tenant requests are handled promptly before they can get worse or become expensive. Daily management services also include rent collection, inspections, lease renewals and evictions, and monthly financial reporting.

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Main Street Properties, Inc.

Main Street Properties has nearly 25 years of experience providing real estate management services to property owners and investors throughout Richmond.

  • Address: 2111 West Main Street, Richmond, VA 23220
  • Phone: 804-355-5775
  • Service Types: Residential and commercial
  • Years in Business: 24+ years
  • Rentals Managed: 200+
  • Better Business Bureau: N/A
  • Management Fee(s): Contact for pricing

Main Street Properties takes the stress out of being a landlord through full-service solutions that allow you to control how involved you are throughout the process so that you can avoid being on-call. Both tenant placement and daily management services are available, including all marketing, showings, screening, and lease drafting required to place a high-quality tenant in your listing as well as daily oversight of the tenancy to help make sure your tenant & property have everything they need. Main Street collects the rent, communicates with the tenant, coordinates maintenance, provides 24/7 emergency support to prevent disasters, renews leases between terms, evicts problematic tenants who break the lease, and generates financial reports to keep you informed at all times for an autonomous rental income opportunity.

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Blue Dog Properties

Blue Dog Properties provides brokerage and management for all kinds of Richmond real estate.

  • Address: 2306 W Main St Suite A, Richmond, VA 23220
  • Phone: 804-353-1827
  • Service Types: Residential and commercial
  • Years in Business: 15+ years
  • Rentals Managed: Unknown
  • Better Business Bureau: N/A
  • Management Fee(s): Contact for pricing

Blue Dog Properties works with both residential and commercial properties to offer complete management solutions that take you from a vacant property to generating passive income with minimal time, stress, or headaches. New investors can get help finding & purchasing a new investment property, preparing it for the market, having a tenant placed, and all daily responsibilities taken over with turnkey solutions while existing property owners can choose between tenant placement, daily management, or combined services that take the stress out of getting involved in the rental market. Blue Dog handles everything from marketing and screening to rent collection and maintenance, allowing you to be hands-off while enjoying passive income that makes your property work for you.

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