Property Management in Alexandria
The City of Alexandria, located in the commonwealth of Virginia, sits on 15.5 square miles of land directly adjacent the Potomac River, seven miles south of neighboring Washington, D.C. Many of the nearly 160,000 people living in the city work in public service fields and commute daily to the nation’s capital. The city is among the largest and highest-income earning communities in Virginia, making it a highly desirable area for property investment.
The city consistently ranks among the best places to live in the United States because of its proximity to other urban areas as well as its impressive park system and unique cultural history.
Alexandria Property Manager
Founded in 1749, Alexandria, Virginia is home to many rich architectural areas. The historic center of town, known colloquially as Old Town, features a wide variety of restaurants, theaters, and antique shops. The area was rated one of the prettiest places to live in the south by Southern Living, and among the best value travel destinations by Money magazine. In 2017, tourists spent approximately $790 million in the city, generating $26.6 million in tax revenue.Old Town’s main thoroughfare, King Street, is an eclectic mix of over 200 boutiques and restaurants, which sit alongside museums and other compelling architectural must-see attractions near the waterfront.
King Street spans 5.1 miles and features a trolley that guides city residents and tourists along its course. The brick-lined streets of Old Town bustle with traffic, lending ambiance to this booming cultural and business district.
Key landmarks like the George Washington Masonic National Memorial, constructed to resemble a historic lighthouse in ancient Egypt, City Hall (built in 1871), and the Pope-Leighey house designed by Frank Lloyd Wright are big draws to tourists in the state of Virginia and the nation at large.
Nature lovers will also enjoy a stroll in Huntley Meadows Park and those interested in learning more about the cultural heritage of the city may relish a tour of Christ Church, completed in 1773. The city is a key location for architectural tourism and careful attention has been given to restoring and preserving historical buildings in the area.
Alexandria’s Residential Charm
The city features an alluring blend of new development and historic areas, consisting of urban and suburban living areas. Houses and buildings constructed in the late 1800s stand side-by-side with new apartment, condo, and storefront development. This rich mix of development presents many options for property development.
Highly desirable neighborhoods, like Northeast and Fairlington/Bradlee are home to refined mansions and smaller houses alike and an excellent public education system. The area has been rated among the healthiest places to live by Forbes Magazine. Other notable neighborhoods include Seminary Hill, Del Ray and Old Town West, each of which reflect the nuance and vibrancy of the local community.
The compact design of neighborhoods makes the city highly walkable and contributes greatly to the overall feeling of community in the city. Water taxis, bike sharing services, and the city’s Metrorail system ensure reliable and quick transit across and beyond the city. Nestled up to the Potomac River, the area offers great views and a diverse range of activities out on the water, including sightseeing cruises of the nation’s capital.
A Stable and Growing Economy
The median income is $87,319 and the median home sales price as of 2018 is $538,100. Listing prices average $401 per square foot and rental properties average $2,100 per month, which speaks to the high desirability of neighborhoods in the city in comparison with other areas in the state.
Top employers in the area include the Department of Commerce, located in downtown Alexandria, and the Department of Defense in nearby Washington, D.C. Many city residents work at the Institute for Defense Analyses and in related civil service fields.
The region boasts one of the highest rates of median expendable income in the nation in comparison with cities like San Jose and Durham, NC.
The city’s beautiful neighborhoods, strong public-school system and services, and steadily employed workforce make it a great area for property investment. Relatively high property values, rates of employment and expendable income ensure a strong return on investment. There are many opportunities for those interested in getting into the rental property business for the first time or in expanding on existing rental properties.
As with any investment in property, a thorough understanding of local property values and city services can significantly improve opportunities for success in the market.
Call us for a comprehensive market analysis of your rental property.
Alexandria Property Management
Our property management team specializes in residential areas throughout Alexandria, VA. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bulletproof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.
Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Alexandria area property management services.
I have been so impressed with not only the quality of service, but the punctual service and communication skills that I have seen through Keyrenter. I would absolutely recommend using Keyrenter.
Kimber C., Satisfied Client
Keyrenter is very organized. I have had several problems with my condo, and Keyrenter has been on top of everything. I can’t say enough good things about the company.
Steve S., Satisfied Client
I'm absolutely delighted with how easy Keyrenter made everything for me. From start to getting a renter into my house, it's all been convenient and simple. Great company, great service, great people!
Lorrie M., Satisfied Client
I've been a tenant with Keyrenter for the past 5 years. They have always been prompt in dealing with issues I've raised up and in responding to my requests for repairs and maintenance.
Tadd D., Satisfied Tenant
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