Property Management Software for Landlords in Richmond

Owning rental property in Richmond means more than collecting rent. Tracking income and expenses across units, staying ahead of lease renewals, and knowing your true return takes real time. Mozongi REMA is free property management software built for Richmond landlords who want every number in one place.

Richmond rental market at a glance

Per the most recent municipal and federal data for the Richmond metro area:

• Population: approximately 230k residents
• Median 1-bedroom rent: $1,450 / month
• Vacancy rate: 5.5%

How Richmond compares to Virginia

Across the 8 Virginia markets we track, the average one-bedroom rent is about $1,438/month and the average vacancy rate is 5.6%. Richmond's $1,450 median is 1% above the Virginia average of $1,438/month, and its 5.5% vacancy is close to the Virginia norm of 5.6%.

• Gross annual rent (one unit, before vacancy): $17,400
• Vacancy-adjusted annual rent: $16,443
• Richmond rent vs Virginia average: 1% above
• Estimated market size: ~230k residents

With higher vacancy, Richmond tenants have options — so screening carefully and pricing competitively matters. Know your true cost and cap rate per unit before you set rent.

If your Richmond unit is rented below median and your DSCR is under 1.20, you have room to optimize. Mozongi REMA calculates DSCR, ROI, and cap rate automatically for every property.

Property management software made for Richmond landlords

Whether you own a single rental in Richmond or a growing portfolio across Virginia, Mozongi REMA tracks every property, lease, and tenant and does the math for you.

• A portfolio dashboard showing every Richmond property at a glance
• Automatic NOI, cap rate, cash-on-cash return, and DSCR
• Lease and tenant records with document storage
• Rent-collection tracking so you always know who has paid
• Mobile-friendly access from any property visit

Built for Virginia landlords

Renting out property in Richmond comes with its own rules, and Mozongi REMA helps you stay organized around them:

• Virginia's landlord-tenant statutes and the Virginia housing or small claims court govern tenancies in Richmond — keep lease terms, dates, and renewals organized in one place.
• Rent increases — track current rents against the applicable annual guideline so every adjustment is documented and on time.
• Tenant records and documents — store leases, condition reports, and correspondence per unit.
• Every amount is tracked in USD.

Know whether your Richmond rental actually pays

Richmond purchase prices and rents both vary widely, so a property that looks fine on paper can quietly underperform. Mozongi REMA calculates net operating income, cap rate, and cash-on-cash return automatically — so you can see whether a Richmond unit is earning, breaking even, or costing you money, and decide what to do next with real numbers.

Start free in Richmond

The free Starter plan covers up to 2 Richmond properties with full financial analytics — no credit card required. As your portfolio grows, paid plans add more properties, automatic rent collection, and portfolio sharing with your accountant.