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Let us manage your Portsmouth Rental Property
Owning a residential rental property can be a lucrative investment, but can also come with headaches and worries. Find a skilled Portsmouth residential property manager to help save you time and money.
The Power Is in the Process.
PMI residential property managers follow a proven process throughout the rental cycle, maximizing everything from marketability to rental price. And if there’s any maintenance required, we’ve got you covered. Our licensed and insured vendors will take care of it. Trust the power of the process and enjoy the peace of mind a good property manager provides.
Step 1: Ready
With over $5 billion of assets under management, PMI is the expert in residential property management. During the Ready process, we thoroughly analyze and inspect your property, making recommendations and repairs for ideal marketability. From there, we gather professional property photos, display the needed signage, and engage the use of lock boxes to maximize showings. Once that is set up, we advertise on the PMI Syndicated Network, both locally and nationally.
- Professional-quality photography
- Detailed property description intake
- Secure property access
Exclusive PMI Listing Network
- Live listings on dozens of credible websites
- Personalized and enticing listings
- Broad and effective advertising
Maximize Your Revenue
- Thorough assessment and pricing based on sophisticated data
- Property improvement recommendations to increase profitability
- Exceptional maintenance and protection plan for the property
Step 2: Select
Once the property is ready, we Select a qualified tenant following Fair Housing law to lease your property. We start this step with a professional showing system that includes self-showing and 24/7 online access backed by a driver’s license and credit card requirement. Applicants will then go through our advanced screening process, which uses industry-best technology to screen each applicant properly. At PMI, we never lose sight of getting the lease signed and the property occupied.
- Professional showing system
- In-person or self-showings for pre-screened prospective residents
- Safe and reliable walkthroughs
Screenings and Approvals
- Advanced tenant screening to minimize risk while maximizing occupancy and rental revenue
- Approvals comply with fair housing, credit reporting, and privacy requirements
- Electronic leasing process for faster lease signings and tenant move-ins
- Faster property occupancy
- Reduced risk of identification scams
- Placement of highest qualified tenants
Step 3: Protect
PMI will Protect your investment into the future by managing your property through industry-leading accounting, maintenance, and communication. We ensure on-time rent collection and promise to manage a property as if it’s our own. Property owners can rest assured knowing they will get their funds by the 10th working day of each month. They also receive expense reports and a monthly accounting statement, along with tax statements. If any maintenance is required, we’ve got you covered. Our licensed and insured vendors will take care of it.
Manage Lease Terms
- On-time rent collection
- Properties managed like they’re our own
- Tenant compliance support
- Fast delivery of owner funds
- Copies of all expense receipts
- Accurate real-time statements
- End-of-year statement and 1099 tax reporting
- Pre-tenant move-in review
- Annual or semi-annual property review
- Final walkthrough
Step 4: Renew
The result of Ready, Select, Protect is a quality tenant who will Renew their lease and enhance the return on your investment. The renewal process starts 90 days in advance. We analyze the tenant’s payment performance, assess the property’s condition and conduct a market analysis (for any updates on the rental price).
Results and Improvements Review
- 60-day advanced renewal process
- Tenant payment performance analysis
- Property reviews assessment
- Comparable-based market analysis
New Lease and New Tenant Support
- 60-day advanced marketing
- Property set up for renting
Receive Your Free Report
Shortly after submitting your information, you’ll receive a personalized property analysis report evaluating your home with a suggested rent range and market data.
The property’s location, condition, and amenities will determine the actual rental value of your home. To get the most accurate value possible, please speak with one of our market analysis experts.
We work to quickly find the right tenant for your property and use our proven marketing methods to attract high-quality applicants.Learn More
Every application undergoes careful screening, with background and financial checks designed to keep your interests protected.Learn More
Getting your rent payment on time shouldn’t be a guessing game. We handle all billing, and work to get your money to you on time.Learn More
We know how to keep your property in optimal condition. We handle all maintenance requests and coordinate needed repairs for you.Learn More
Accounting and Financial Reporting
PMI provides accurate worry-free accounting to owners with monthly reports and any-time access to our reporting dashboard.Learn More
If a tenant relationship ever takes a turn for the worse, we can process the eviction for you and minimize its impact on your bottom line.Learn More
Our regular in-person inspections allow us to identify potential problems in advance and keep your home healthy.Learn More
We monitor the laws and insurance regulations that impact your property and work to ensure that your property is legally compliant.Learn More
How much rent can you get for your investment? Find out now!free rental analysis
Rest Easy Knowing Your Rental Is Protected.
We guarantee to find a quality tenant for your rental property in less than 30 days, or we will waive the first month of management fees!Learn More
If a screened tenant placed by PMI Virginia ever has to be evicted, we handle the eviction process, including the costs or fees associated with eviction, up to $2,000.Learn More
When a tenant pays rent on time, we promise to have your owner’s payment in your account within ten business days. If not, we will give you back that month’s management fee.Learn More
We don’t get paid until you get paid. With PMI Virginia, you will have peace of mind, knowing that we are working hard for you, and you will not need to pay us until you get results.Learn More
You should never have to pay twice for us to find a new tenant for your property. Our leasing guarantee states that we will find a new tenant for free if a tenant does not fulfill at least nine months of a lease term.Learn More
We believe in the best customer experience possible and guarantee our results! Let us show you the difference PMI Virginia can make. Schedule A Consult
Investing In Portsmouth Rental Properties
Portsmouth, Virginia, is a city brimming with historical charm and modern amenities, making it a delightful place to live and visit. One of the city's greatest assets is its rich history, evident through its well-preserved architecture and museums. Stepping into Olde Towne Portsmouth is like taking a journey back in time, with its cobblestone streets, colonial-era buildings, and picturesque waterfront. History enthusiasts will revel in the city's significant role during the American Revolutionary War and its connection to important figures like George Washington. Embracing its past while still embracing progress, Portsmouth seamlessly blends the old and the new, offering a unique and captivating experience for residents and tourists alike.
Aside from its historical allure, Portsmouth boasts a strong sense of community and a vibrant cultural scene. Residents take pride in their city, fostering a welcoming atmosphere for all. The city hosts numerous events and festivals that bring people together, celebrating art, music, and local talent. From outdoor concerts in the park to art exhibitions in its galleries, Portsmouth offers a diverse array of cultural experiences. Furthermore, the city's proximity to other vibrant areas, such as Norfolk and Virginia Beach, allows residents to access a wide range of entertainment options, restaurants, and recreational activities, making Portsmouth an ideal hub for those seeking an active and engaging lifestyle.
With its strategic location along the Elizabeth River and the Chesapeake Bay, Portsmouth offers a plethora of opportunities for water-based recreation. Boating, fishing, and kayaking are just some of the activities that residents can enjoy on the city's scenic waterways. The Elizabeth River Ferry service connects Portsmouth with Norfolk, providing an enjoyable and convenient way to travel between the two cities while taking in picturesque views of the waterfront. Additionally, Portsmouth's parks and green spaces offer plenty of opportunities for outdoor enthusiasts to explore and enjoy nature, making it a city that encourages a healthy and balanced lifestyle.