Property Management in Fredericksburg and Northern Virginia
We can Help Manage Your Fredericksburg Rental Property
We offer a full range of property management services tailored to you as an investor, homeowner, or landlord. We have an extensive porfolio of single family homes, townhouses, condos, and apartments in the Fredericksburg and surrounding areas.
Our goal is to help you run your rentals in a way to help you realize the income potential that you hoped for when you purchased them. While it may seem more economical to manage your rentals on your own, in truth hiring Lorac Property Management can help you increase your bottom line. Once you see the decrease in vacancies and non-payment of rent you will begin to realize the benefits of having a professional team on your side and you will relax knowing that we will oversee them as if they were our own.
The Benefits of using Lorac
- No hassle management
- Automated owner statements
- Online Owner Portal Access
- Monthly rental accounting summary
- Year-end accounting summary and IRS form 1099
- Direct deposit of rental proceeds in your bank account
- Industry leading marketing tools
- 24/7 maintenance request handling
- Prompt Response to Tenant Requests
- Low vacancy rate
- Low time on market
- Industry specific local knowledge
What we do as your Fredericksburg property manager:
- Full management services
- National credit, background, and Rent Bureau checks on all rental applications
- All leases in accordance with the VRLTA
- Tenant security deposit escrow account
- Rent collection
- Legal action taken for nonpayment of rent
- Periodic in & out inspections of property
- Maintenance advisory and preventative maintenance
5 Mistakes that Fredericksburg Landlords Make that will cost you Money!
What Makes Us Different
Our Fredericksburg Property Managers are here to help you effectively and economically manage all your rental property needs. We focus entirely on residential properties because we feel this is the best way to serve our clients.
Lorac property management should serve the needs of the property owner and the property itself. While some property managers believe in a cookie cutter approach, that is not how we operate here. We can help you manage your Fredericksburg rental property whether you simply need help with leasing or you need a full complement of services.
Inquire About Our Services
"I would like to recommend Carol Holley as an excellent Property Manager. Her firm has served as our Property Manager for six or seven years and has always acted on our behalf. We tried managing our own properties and that was a disaster. Carol finds good tenants in a short amount of time and gets us a good return on our investments. She currently manages four properties for us and we look forward to continuing to work with her. Carol also acts as our representative when we buy and sell property. She is always professional and finds qualified buyers for our properties in the shortest amount of time. " - Neil and Carol H.
Frequently Asked Questions
Q: Does your Office have an After-Hours Drop Box? A: No, we don't. If you need to drop off rent or any other paperwork you'll need to come during our normal business hours.
Fredericksburg Area Information
After the war, Fredericksburg recovered its former position as a center of local trade and slowly grew beyond its prewar boundaries. The University of Mary Washington was founded there in 1908 as the State Normal and Industrial School for Women. Adopting the name of Mary Washington College in 1938, the college was for many years associated with the University of Virginia as a women’s liberal arts college. The college became independent of UVA and began to accept men in 1970. Recently, the college changed names from Mary Washington College to the University of Mary Washington. Two separate campuses for graduate and professional studies and education and research are located in suburban Stafford County and in rural King George County near the Dahlgren naval base, respectively.
The power chord of modern guitar was first developed by Link Wray in Fredericksburg in 1958 during his first improvisation of the instrumental piece “Rumble”, a single released by Wray & His Ray Men. The local music scene includes a wide variety of genres. Source From Wikipedia