Arlington, VA: One of the Best Cities in America
Arlington has an estimated population of 236,842 residents. Known for housing several national landmarks, the county attracts millions of visitors every year. But, it is also a popular choice for those looking to relocate — and for several reasons.
For one thing, Arlington has excellent schools, both public and private. The city is home to Marymount University and Antonin Scalia Law School as well as satellite campuses of Virginia Tech and the University of Virginia. Arlington is also known as a great place to raise a family.
In addition to this, there are many job opportunities in Arlington. Several federal agencies are headquartered in the city, such as the United States Marshals Service, the United States Department of Defense, the United States Trade and Development Agency, the Drug Enforcement Administration, and the Air Force Office of Scientific Research. There are also many private companies like Nestle, Arlington Asset Investment, and Rosetta Stone.
Beyond that, Arlington boasts a diverse population, plenty of outdoor activities, good public transportation, and a hopping nightlife scene. Notable landmarks and points of interest include Arlington National Cemetery, the Pentagon, and Reagan National Airport.
How Is Arlington’s Rental Market?
The real estate market in Arlington is on the expensive side, with the median listing price for a home sitting at $624,800. This is a whopping 174% higher than the national median. Perhaps this is the reason why a big chunk of the residents in Arlington are renters. In fact, 57.3% of the population rents their homes.
Image via towncharts.com
Despite the high investment cost, Arlington is a lucrative place to purchase rental properties. Apart from the wide pool of potential tenants, the city also boasts a median rent of $1,993 — $900 more than the national median. That means landlords stand to earn a lot of income in this Virginia county.
Image via deptofnumbers.com
Furthermore, Arlington has a low vacancy rate. In 2018, Arlington only had a vacancy rate of 2.66%, which is significantly lower than the national vacancy rate of 6.15% at the time. To top it all off, the regulations in Arlington skew friendlier towards landlords.
How an Arlington Property Management Company Can Help
For rental property investors, Arlington is definitely the place to be. Being a landlord, though, takes more than just the capital. You need to dedicate a lot of time to manage your property, not to mention learn the often-confusing ropes that come with the job. This is where an Arlington rental management company can help.
A rental management company can take over all of the landlord’s duties in a timely and effective manner. A professional manager can make property management in Arlington much smoother by performing the following tasks and more:
- Advertise your listing
- Screen and process tenants
- Oversee property showings
- Set and collect rent
- Create a lease agreement
- Perform move-in, move-out, and routine inspections
- Enforce your lease terms
- Manage maintenance and repairs
- Respond to tenant complaints
- Manage your budget
- Help with tax calculations
- File evictions
Looking for Property Management in Arlington?
There are many property management companies in Arlington alone. Finding the one that suits your needs just right can be a hassle if you don’t know where to start. Use Rental Choice’s comprehensive online directory today. We list reliable property management companies that you can search by area.