If you're a landlord in Norfolk, Virginia, finding the right property management company can make all the difference. Norfolk's rental market is unique, with a steady demand driven by its strong military presence, diverse population, and waterfront living. But that also means you might face challenges like higher turnover rates due to deployments or the need for flexible lease options for military families.
Plus, if your property is in one of Norfolk's historic neighborhoods or near the waterfront, there are specific regulations and weather considerations to keep in mind. Look for a property manager who really knows the local scene—someone experienced with military tenants, familiar with historic district guidelines, and savvy about coastal property upkeep. Partnering with a team that understands these local nuances can make managing your property a whole lot easier and help your investment thrive.
Top 5 Property Management Companies in Norfolk
Ziprent Property Management
Phone: (757) 347-0921
Address: 3419 Virginia Beach Blvd, Virginia Beach, VA 23452
Get Started
KRS Holdings
Phone: (804) 282-1877
Address: 2000 West Club Lane, Richmond, VA 23226
Osprey Property Management
Phone: (757) 217-0924
Address: 770 Lynnhaven Pkwy, Ste 110, Virginia Beach, VA 23452
Gifford Management Group
Phone: (757) 583-1801
Address: 1547 E. Little Creek Road, Suite 100, Norfolk, VA 23518
The Real Estate Group
Phone: (757) 961-9090
Address: 401 N Great Neck Rd. Suite 126, Virginia Beach, VA 23454
Norfolk Property Management Reviews
Review By Jim McCarthy
I am thrilled with Ziprent's service to find a new tenant for my townhouse. Ziprent was recommended to me by another property owner in my community. I used to handle finding renters myself, but I figured that I would see how well Ziprent could do - especially because I had to travel away from the area. Ziprent was able to use their "self serve" process to show the townhouse to a lot of interested parties, and the new tenants have already moved in. The process was fast, cost less than other property management companies, and I got "top dollar". Their high-quality photography and 3D tour helped the property look at its best. I have decided to use Ziprent for the ongoing property management. It's too soon for me to say, but I expect that they'll continue to be responsive, professional and effective.
Review By Madigan Griffin
My partner and I just moved into a house managed by Ziprent. They made the application, walk-through, and move-in process so easy and streamlined! For the few repairs we've had so far, they've been supportive and responsive, and the vendors they have selected have been excellent. Also, their portal to manage the initial application, the lease, repair requests, and rent is intuitive and helpful. Would recommend!
Review By David Maynard
I have been using Property Management companies for years now. Overtime, I became displeased with the services that I was receiving and started looking for another PM for my properties. I found Ziprent and have been extremely pleased with their services. So much so, that I have recommended them to friends who now enjoy their services as well. There accounting/billing system is easy to understand which makes things simple which is why you use a PM to begin with. Rent and associated payments, including the deposit/s, go straight to your bank account with notifications when it is initiated/completed. No waiting to get your money while it sits in the PM’s account. You can use your own vendors for repairs if you like. When I need something I almost always get to speak directly to someone who can resolve my issues. When not, my call is quickly returned. Did I mention there rates. Check them out. I highly recommend giving Ziprent an opportunity to make your life easier.
Frequently Asked Questions
How much do property management companies charge?
Ziprent charges a flat fee of $125/mo per property managed.
While other property management companies in Norfolk typically charge between 5% to 12% of the monthly rental income as their management fee. This percentage can vary based on factors such as the size and type of the property, the range of services provided, and the company’s level of expertise.
What is the average property management fee in Norfolk?
The property management fee may vary depending on the property management company. Many traditional property managers will charge 5%-12% of your rental income per month.
What services are included in property management fees?
Your property manager should include services such as tenant placement and background checks, showings, marketing & advertising of your property, professional photography, free market analysis.
At Ziprent, we provide all of the above as well as exceptional customer service to both our landlords and tenants.
How to choose the best property management company?
You should evaluate a property manager on things such as their experience and local expertise, reputation and reviews, range of services, fee structure, timeliness in their communication, technology and tools.
How do property management companies screen tenants?
Property management companies in Norfolk should have an in-depth process to evaluate prospective tenants to help determine if they are suitable for your rental property.
At Ziprent we evaluate tenants for many aspects including credit score checks, full background checks, employment verification, and income verification.
What are the benefits of hiring a property management company?
Hiring a property management company in Norfolk offers numerous advantages to help create a stress free experience for both landlords and tenants.
A property management company will bring years of experience to the table to help you navigate your local market. They should be handling rent collection, tenant inquiries such as questions, issuing leases and lease renewals, and maintenance requests, coordinating repairs with a local network of licensed vendors, helping minimize your vacancy periods, providing financial reporting for your rental property and overall peace of mind.