Richmond, VA · Property Management
Property Management in Richmond, by the numbers.
The Census Bureau counted 253 residential property managers in the Richmond, VA Metro Area in 2023, employing 2,004 people with $129.5 million in annual payroll.
The local market.
Census Bureau, County Business Patterns 2023. Figures cover the whole metro area.
253
43rd most of 385 US metro areas
2,004
7.9 per business, against 9.1 across all metros
$129.5 million
$64,617 per employee
84%
of businesses, against 85% across all metros
+5.4%
in the number of businesses (240 in 2022)
What the numbers say about Richmond.
- Richmond ranks 43rd of 385 US metro areas by number of residential property managers.
- A typical business here is about the national size, with 7.9 employees.
- Pay runs above the metro average: $64,617 per employee a year, against $59,712.
- The market grew: 13 more businesses than in 2022.
How VERA helps property management in Richmond.
The same product everywhere. It prepares the work and waits for your approval before anything goes out.
Acknowledge every maintenance request in minutes
VERA drafts the tenant reply, the vendor dispatch with unit and access details, and the owner heads-up, so nothing sits in a queue overnight.
Collect rent without the awkward calls
VERA ranks unpaid balances by unit and days late and drafts a courteous reminder with a payment link for each one.
Start renewals while you still have time
VERA flags leases well ahead of expiration and drafts the renewal offer on your template, so units renew instead of turning over.
Questions
Property Management in Richmond
How many residential property managers are there in Richmond?
253 in the Richmond, VA Metro Area, according to the Census Bureau's County Business Patterns for 2023. Together they employed 2,004 people and paid $129.5 million in annual payroll.
Is the Richmond market for property management growing?
By number of businesses it grew between 2022 and 2023: from 240 to 253 (+5.4%).
What does VERA do for property management in Richmond?
VERA drafts the quotes, invoices, follow-ups and customer messages a Richmond business runs on, and waits for the owner's approval before anything goes out. It is the same software everywhere; this page adds the local numbers.
Property Management in other markets
Other Richmond markets
Source: U.S. Census Bureau, County Business Patterns 2023 and 2022, metropolitan statistical areas. The Bureau adds a small amount of noise to these figures to protect individual businesses. The category counted is residential property managers, which can be broader or narrower than the trade itself. About the data.
See what VERA can do for your business.
Try it with the built-in demo data, no credit card, no API keys. VERA proposes the work and waits for your approval before it acts.