Fredericksburg Property Management

Let Us 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 North Viriginia surrounding area.

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 Realty

• 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:

• Fill vacancies
• Marketing
• 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
• Accounting
• Coordinate Evictions