Questions owners ask us
Straight answers about working with DNY Property Management and renting out a home in Virginia and Maryland.
Working with DNY Property Management
What does property management cost?
Our fee depends on the property type, number of units and services you need. After a short consultation we send a written proposal that lists every fee, so there are no surprises. New clients who claim the website offer get 10% off their first three months.
What kinds of properties do you manage?
Single-family homes, townhomes, condos and small multifamily buildings in Northern Virginia, Loudoun County, Montgomery County and Frederick County.
How do you screen tenants?
Every applicant is checked against the same written criteria: credit, verified income, employment, rental history and background, in line with federal, Virginia and Maryland Fair Housing law.
Can you take over a property that already has a tenant?
Yes. We review the existing lease, take over the security deposit and records, introduce ourselves to the tenant, and handle the transition from day one.
How and when do I get paid?
Rent is collected online and your net proceeds are sent by direct deposit each month, along with a statement showing every dollar in and out.
How does the 10% offer work?
Claim a code in the form above. It's for new management clients, one per owner, and is valid for 90 days. When you sign your management agreement, we take 10% off your first three monthly management fees.
Laws and local rules
Is there rent control in Northern Virginia or Frederick County?
No. Virginia doesn’t allow rent control, and Frederick County has no rent stabilization. Montgomery County is different: most rentals 23 or more years old are capped at 5.2% from July 2026 to June 2027. See our Montgomery County guide.
How much can I charge for a security deposit?
Up to two months’ rent in Virginia, and one month’s rent for most Maryland leases signed since October 1, 2024. Both states require it to be returned within 45 days after move-out, with itemized deductions.
Do I need a rental license?
In Montgomery County, yes: before you rent or advertise. The City of Frederick and Middletown also license rentals, and some Virginia localities such as Alexandria inspect rentals in certain districts. We confirm the rules for your address. See our location guides.
What notice is required when rent is late?
Virginia requires a written 14-day pay-or-quit notice (since July 1, 2026). Maryland requires a 10-day notice of intent to file before going to court. Details are on our rent collection page.
Repairs and money
Do I get to approve repairs?
Yes. You set a dollar limit. Routine repairs under it go ahead so tenants aren’t kept waiting, and anything above it comes to you with quotes first, except true emergencies.
Do you mark up contractor invoices?
No. You pay what the vendor charges, and the invoice is attached to your monthly statement.
Do you hold the security deposit?
Yes. We hold and account for deposits as state law requires and return them with an itemized list of any deductions within 45 days after move-out.
Still have a question? Call (301) 250-0780, email info@dnyassociates.com, or send us a note.