Richmond Property Management

Earn more and stress less with all the tools + expert services you need to manage your rental property in Richmond.

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See why thousands of homeowners love being part of the Nomad community

$250M+

Total rent guaranteed

10,000+

Owners served

Virginia rental market

What Nomad homes rent for in Virginia

$2,295

Median rent, 3-bed

16 days

Median time to lease

Median rent achieved and median time from listing to signed lease, for homes leased through Nomad in Virginia over the last three years.

About Nomad

Nomad makes it easy to rent your Richmond long-term property and provides financial certainty with guaranteed rent and $500k in property protection. With flexible marketing services, you can choose how involved you want to be in marketing the property and finding tenants. Plus, all owners get access to the owner’s portal where you can track earnings, manage maintenance requests and more!

Renting in Richmond, Virginia

Richmond has more renters than owners. About 57% of occupied homes are rented and 45% of its housing is single-family detached, per the U.S. Census Bureau's 2020–2024 American Community Survey. Half the homes were built before 1960, so older systems are worth an inspection before you list, and homes built before 1978 need a federal lead-based paint disclosure. The median renter household pays $1,372 a month including utilities. That figure includes apartments, so price a house against comparable houses.

The Nomad Difference

Guaranteed Rent for Richmond, Virginia landlords

Investment properties can be risky. Grow your wealth worry free with the best landlord financial protections in the industry. Only Nomad offers Guaranteed Rent, $500,000 of Property Protection, and Rent Advance.

"Nomad was incredibly helpful in talking us through the options and mapping out the financial implications for our potential scenarios."

Lauren

Nomad Homeowner since 2020

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Virginia rules every landlord should know

Security deposit limit: 2 months' rent
Deposit return deadline: 45 days after the tenancy ends or the tenant moves out, whichever is later
Late fee limit: Lesser of 10% of the rent or 10% of the unpaid balance; must be in a written lease
Notice before entering: Notice required (no set period), except in an emergency; 72 hours for routine maintenance the tenant didn't request
Notice to end a month-to-month lease: 30 days before the next rent due date, in writing, unless the lease sets a different period

Reviewed October 2026. General information, not legal advice.

“Simple platform with an exceptional client-service focus. Nomad has made it easy for us to manage our property and ensure that we can focus on growing our portfolio.”

Damon D.

Virginia