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Newport News Property Management

, Perfected.

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Choose the Right Management Package

We Provide Flexible Solutions For Local Property Owners

  • Our management fee is 10% of the monthly rent during occupancy with a minimum of $100.
  • Our leasing commission is $495. This is charged each time a NEW tenant moves into the home. This fee covers the administrative costs for marketing and leasing the property.
  • Our renewal fee is $195. This is charged each time your existing tenant renews for a new term and covers the cost of additional administrative requirements.
  • Upon commencement of the management agreement, we recommend that owners either provide a clear termite/moisture inspection of the home or agree that LMA may contract for an inspection/certification. Our region is prone to termite issues so we recommend this as a preventative measure to protect your investment.
  • LMA requires a $300 maintenance escrow account to be established for each property. This $300 will be taken from your first month’s rent and held to cover miscellaneous small repairs for the home. Repairs exceeding $300 will be discussed in advance of action being taken, unless the repair constitutes an emergency. In this case, LMA will have the repair completed and inform the owner.