Individuals who own and lease residential properties within the city of Newport News constitute a significant segment of the local housing market. These lessors operate independently of large property management companies, often managing a smaller number of units. They engage directly with tenants in the leasing and property maintenance processes.
This segment of the rental market offers a diverse range of housing options, from single-family homes to apartments and condominiums. It can provide opportunities for renters seeking more personalized service and potentially more flexible lease terms. Historically, this form of housing has played a vital role in providing accommodation for residents, contributing to the city’s overall housing stock and economic activity.
