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About KRS Nova

Professional property management solutions delivering reliable service to Northern Virginia investors.

Our Story

KRS Holdings has been headquartered in Richmond, Virginia for over 20 years. We specialize in property management services for residential properties, as well as in services for investment property owners in real estate management, leasing, contract administration and accounting.

Our company was created to fill a void that our President, Kyle Stephenson, felt as a residential landlord. After his search for a property management company that focused on his specific needs proved fruitless, he decided to create one himself. The result is a company that is flexible enough to serve owners who need a complete suite of services as well as those who like to be involved in the management of their properties. We are one of the few Virginia property management companies that focuses exclusively on property management. Our staff of licensed real estate agents devotes all of their time to managing our clients’ properties and are not distracted by trying to broker real estate.

KRS Holdings now manages over 4,000 properties between our seven offices in Virginia and North Carolina. Whether your rental is in an affordable neighborhood or a high end one, we can help you fill your vacancies, reduce turnovers and maintain your properties to protect your investment.

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Message from Kyle, KRS Holdings President

Whether becoming a landlord was a choice or a result of circumstance, it doesn’t change the fact that managing any property comes with its challenges-and we want to help. At KRS Holdings, we stand by our core principles to always to be straightforward and honest in every situation. We’d like to make our clients the most money possible. This all starts with getting you the right tenant. KRS in unmatched in quickly filling properties with quality renters. We’d love to talk more about how we can make your property profitable.

Sincerely,

Kyle Stephenson and the KRS team

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As property managers, we’re committed to delivering peerless service in the following areas:

LEASING AND MARKETING

Optimizing your profit margin begins with making sure you’re always at 100% occupancy. Our leasing agents can react swiftly to market trends by promoting your property with strategic advertising placements, thus reducing your vacancy time.

OPERATIONS

Despite rigorous screening, there are sometimes tenants who fail to comply with the terms of their lease. Our operations team focuses on solving problems with the tenants and minimizing risk to your property.

MAINTENANCE

The majority of properties will require some sort of repair work during the year. Our experienced maintenance team is equipped to address the problem in a timely manner while minimizing your out-of-pocket expense.

ACCOUNTING

Running a successful business requires excellent bookkeeping. Our accounting department makes sure all transactions are systematically processed so that when tax season comes, the numbers add up.

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The KRS Team

Kyle Stephenson President & Owner

In 2007, after his search for a property management company that focused on his specific needs proved fruitless, our president, Kyle Stephenson, decided to create one himself. Since our inception, KRS has grown to manage over 1,300 single family homes and 2,500 multi-family units across the commonwealth of Virginia. Even so, Kyle works hard to ensure that his team never loses their focus on delivering quality services to residents and landlords alike. Kyle Stephenson’s expertise in residential property management has been recognized by many. He was featured in a chapter of the book “Successful Property Managers, Advice and Winning Strategies from Industry Leaders” by Michael Levy. Besides being a licensed Realtor, he is a member of the National Association of Residential Property Managers as well as the Richmond Apartment Owners Association.

In his personal life, Kyle graduated from the University of Pennsylvania with a degree in Linear Programming. After university, he worked in medical device sales with Medtronic selling equipment for functional stereotactic neurosurgery. Outside of work, Kyle partners with the Relationship Foundation of Virginia. The program seeks to strengthen relationships for better families by providing education, tools and experiences to the community. When he’s not coaching youth football, he enjoys spending quality time with his wife and three kids, and watching the Philadelphia Eagles.

Katie McGovern, CPA Vice President

After getting a B.S. degree from JMU, Katie spent five years working for her family's business, Leadbetter Inc., which owns and operates commercial rental property in Hanover. Since then, she has pursued education with a certificate in accounting and CPA licensure. Katie has worn many hats at KRS over the ten years she has been with the company. She services many of our multi-family and institutional clients by providing financial reporting and budgeting as well as working through loan refinancing, property acquisitions and property sales. Outside of work, Katie spends time with her husband, JJ, and three children, Caroline, Paul, and John. She also enjoys a host of family activities - going for walks, seeing plays and movies, and traveling to name a few.

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