Blog

Providing an Exceptional Renter Experience

One of our top goals at Lorac Realty and Property Management (aside from making money for our owners) is to provide excellent customer service for tenants. But really, while delivering service is important, experience is also just as critical. If you think about it — it’s the memory of receiving the service that leaves a…

Read More

Thinking of Managing Your Own Rental? Here’s What Could Go Wrong…

We’re not going to sugarcoat this: Property management is a tough, full-time job. It’s not for the faint of heart. Most rental owners play it safe and hire a property management company. There are a select few, however, that insist on taking the bull by the horn and striking out on their own. If you are…

Read More

What Virginia Renters Want in a Home

At Lorac Realty and Property Management, we know home is where the heart is. That’s why we strive to make sure all our tenants are happy and content. Not only that, we know that both renters and owners are interested in a good deal. We know that the longer a good tenant stays in a…

Read More

How to Get My Fredericksburg & Northern Virginia Home Rented Fast

The best way to reduce vacancies and to get your home rented quickly is by making sure it looks great to potential renters. Curb Appeal When someone drives by your house, they are going to pay attention to your curb appeal and how the place looks from the outside. With this in mind, keep the…

Read More

5 Mistakes that Fredericksburg Landlords Make That Will Cost You Money

The biggest mistake a landlord can make is not properly screening the tenant. This mistake can be very expensive, so it’s important to get the screening process right. At Lorac, when we get an application, we immediately screen for credit through all three credit bureaus. We do a criminal background check as well, which is sometimes…

Read More

Fredericksburg Tenant Stops Paying Rent? Eviction Best Practices

When a tenant stops paying rent, it’s a crucial time for the owner of a rental property. That’s because Virginia law states you have to send a 5 Day Noncompliance Notice. This means if the rent is due on the first and it hasn’t been paid on the fifth, you need to send that 5 Day…

Read More

How to Set a Rental Price for My Fredericksburg Investment Home

When you are setting a rental price for your property, the most important thing you can do is to take a look at what has recently rented in your neighborhood. Once you understand the range of rental prices, be careful that your price is not on the highest end of that range or the lowest…

Read More