Osprey Property Management

MARCH 19, 2025

Managing a rental property on your own might seem like a great way to save money. You maintain control over your investment, make all the decisions, and avoid paying property management fees. But what many landlords dont realize is that self-management often comes with unexpected expenses that can erode profits and create stress.

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Osprey Property Management

JANUARY 14, 2025

Published December 2022. Updated January 14, 2025. Determining the right rental price for your property is crucial for attracting reliable tenants and maximizing your return on investment. Calculating the perfect rental price involves considering market trends, property features, and tenant demand. In this guide, well walk you through four essential steps to calculate rental price effectively.

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Rent Tenant Property Property Manager 244

Osprey Property Management

JANUARY 9, 2025

In real estate investment, the key to success often lies in maximizing return on investment (ROI). For property owners seeking to enhance their ROI, an often-overlooked aspect that can make a significant impact is the choice and condition of appliances within their rental properties. In this blog, we'll discuss the transformative power of modern appliances and how they can be a game-changer for rental property owners looking to attract and retain tenants while optimizing ROI.

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Rental Management Management Real Estate Rental Property 240

Osprey Property Management

JANUARY 2, 2025

Renting out property can be profitable, but it carries certain risks that traditional homeowners' insurance might not cover. That's where landlord insurance comes into play. This specialized kind of policy is tailored to protect property owners who rent out one or more residential homes, apartments, or condos. In this blog, our team at Osprey Property Management will explore the critical aspects of landlord insurance, highlight its importance in safeguarding your investment, and provide insights

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Osprey Property Management

DECEMBER 5, 2024

There are several reasons why rental property owners may have to evict a tenant, whether for severe violations of the rental lease agreement, property damage, or a lack of rent payments. To avoid income loss (or a lawsuit), rental property owners need to be diligent in giving notice and carrying out the legal eviction process to remove a tenant and avoid eviction costs.

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Tenant Lease Agreement Rental Property Property Manager 130

Osprey Property Management

NOVEMBER 28, 2024

Managing rental properties involves juggling numerous responsibilities, and one of the most demanding tasks is handling maintenance requests. For landlords, keeping up with repairs and upkeep across even one property—let alone multiple—can become overwhelming without the support of a reliable Virginia Beach property management company. Timely maintenance is essential for keeping tenants satisfied and protecting your investment.

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Maintenance Property Manager Property Management Landlord 243

Osprey Property Management

JULY 23, 2024

Owning a rental property in Virginia Beach is an exciting opportunity to tap into a vibrant housing market and welcome guests seeking the serene beauty of coastal living. However, the appeal of your property greatly depends on its exterior aesthetics and home maintenance. First impressions are crucial, especially in the competitive rental market. A well-maintained exterior attracts potential renters at first glance and reflects the care and attention you invest in your property.

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Property Maintenance Rental Property Tenant 136

Osprey Property Management

AUGUST 6, 2024

Being a rental property owner or landlord has its undeniable perks — the potential for a healthy ROI, a diversification of your asset portfolio, and the satisfaction of providing quality housing being just a few. However, with these perks come risks, and perhaps the biggest issue is the tenant who isn't as they seem. The professional tenant, a master at exploiting loopholes in the rental system, can tarnish your rental property's reputation, cost you thousands, and eat away at your patience and

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Tenant Landlord Property Manager Property Management 213

Osprey Property Management

AUGUST 13, 2024

In today’s fast-paced real estate market, both tenants and property owners face a unique set of challenges. Rising costs of living, economic uncertainties, and the financial burden of traditional security deposits add complexity to the rental process. For tenants, especially those in the Virginia Beach area, the traditional security deposit can create financial strain.

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Insurance Tenant Real Estate Property Manager 242

Osprey Property Management

AUGUST 28, 2024

A squatter is someone who occupies an abandoned or vacant property without the owner’s permission. While this may sound illegal, squatting is legal under certain conditions in the United States—including Virginia. In fact, squatters can have rights to the property they occupy. Known as "adverse possession" rights, squatters may claim legal ownership if they meet specific requirements under Virginia law.

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Osprey Property Management

SEPTEMBER 17, 2024

Requiring renters insurance can be a game-changer for both landlords and tenants, providing peace of mind and reducing potential liabilities. According to Money Geek , the average cost of renters insurance in Virginia is $127 per year. (about $11 per month), renters insurance is an affordable way for tenants to protect their belongings—and for property owners to protect themselves.

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Insurance Landlord Tenant Rental Property 136

Osprey Property Management

OCTOBER 1, 2024

Originally published September 2021. Updated October 1, 2024. Rental property owners in Norfolk, VA, know it's important to understand how month-to-month lease agreements work. Unlike a long-term lease, a month-to-month agreement is automatically renewed unless either the tenant or landlord provides notice of non-renewal. Many property investors incorporate a monthly option into their leasing process, but how does this work when thinking about your long-term real estate investment goals and navi

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Lease Agreement Lease Real Estate Property Manager 130

Osprey Property Management

OCTOBER 15, 2024

Being a real estate investor is all well and good when the rental income comes in every month on the dot, but what if you have a vacant property? Whether you're stuck trying to figure out how to find a new tenant for your recently purchased rental property or have to remove a renter who couldn't keep on top of rent , property vacancy can be a stressful and costly time.

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Osprey Property Management

OCTOBER 29, 2024

Good communication is the backbone of effective property management, helping to prevent misunderstandings and fostering a harmonious landlord-tenant relationship. At Osprey Property Management, we emphasize the power of streamlined communication to elevate property management standards.

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Osprey Property Management

NOVEMBER 5, 2024

Whether you own a single rental property or a vast real estate portfolio in Hampton, VA, understanding your owner statement is essential. These financial reports, issued by rental property management companies , provide critical insights into your investment's performance. By understanding these reports and reviewing them regularly, you'll be up to speed on the progress of your properties and how they perform toward your long-term goals.

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Rental Property Management Rental Property Real Estate Property Manager 204

Osprey Property Management

NOVEMBER 26, 2024

If you're a property owner looking to improve the return on investment (ROI) on your rental property, the right upgrades can work wonders. With a desirable rental home in excellent condition, quality tenants are more likely to pay a higher rent and stay longer, reducing your turnover costs. So, what makes a rental property appealing to the best renters in the Virginia Beach area?

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