First-time using property management?

What do rental property managers in Northern Virginia do?

If this is your first-time considering hiring a property management company, you may want to understand more about what exactly rental property managers do.  If this free reference doesn't answer all your questions, we're always happy to help.

Collect Rents

Nesbitt Realty puts rents into an escrow account and from that account we disburse funds to pay bills, income to the property owner and fees to the property manager.

Keep Records

Nesbitt Realty keeps a record of all income and receipts. We send monthly statements to the property owner and at the end of the year we prepare a 1099 tax document and an annual statement for tax preparation. These records are also available electronically if you prefer.

Deal with the Association

When required, we deal with homeowner's association (or condo association). If the tenant has violated homeowner's association (or condo association) covenants, we provide official notice to your renter and take steps to put your renter in compliance.  We keep you apprised of notices and necessary actions.

Legal Compliance

Nesbitt Realty ensures that your rental property complies with state laws, local Northern Virginia ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.

Handle Maintenance

Nesbitt Realty manages and dispatches maintenance personnel when needed. We strive to get work done in a timely fashion at a price and quality satisfactory to the landlord.

Inspections

Nesbitt Realty inspects the rental at the time of move-in at the time of move-out and from time-to-time while the tenant is occupying the property.

Provide a Level of Separation

This is the one duty that no property owner can perform. A level of separation ensures professionalism is always maintained and personal feelings do not enter into the equation. Nesbitt Realty manages tenant relations including maintenance requests, late fee notices. We deal with a laundry list of tenant problems:

  • unauthorized guests, unauthorized pets,
  • parking issues,
  • tenant cleanliness,
  • noise violations,
  • neighbor complaints, etc.

If necessary, we manage the process of prosecuting actions to evict Tenants.

Our Differentiators

Northern Virginia Rental Management Resources

Basics

Fundamental info regarding rental managment in Northern Virginia.

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Getting Started

Learn more about getting started with rental property management

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Find A Tenant

List your property to rent to find a great tenant in Northern Virginia fast.

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Accounting

How does Nesbitt Realty keep track of income and expenses for real estate investors?

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Cost

A list of fees associated with rental management in Northern Virginia

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Vetting

How Nesbitt Realty checks the backgrounds of tenants for our clients.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rentals?

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Clients

Who uses Nesbitt Realty management services?

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Contact

Call (703)765-0300 to speak to a rental specialist now.

Email

There is a first-time for everyone.

Do you need understand more about this area?

Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who needs to find out more about Northern Virginia and surrounding communities.  The Guide to Real Estate includes data regarding what has sold and what is on the market, and a couple of shocking facts that you may not be aware of.  Furthermore, our Guide spotlights some fundamentals of life in Northern Virginia.  Definitely, most of this is useful for purchasers and sellers, but rental investors and tenants should also find this data to be quite eye-opening.

More Information

If you've never employed a property manager in Northern Virginia before, you will want to understand as much as possible about management and what property management companies actually do. Feel free to call and chat about specific questions.

Money in general does not flow from the landlord to the property manager. Money flows from the tenant to the property manager to the landlord.  Fees and commissions are withheld from collected rents. The next step is to learn a little more about what differentiates us from other property managers.

 

At the top of the market under lease in Northern Virginia

Average rentals recently rented in Northern Virginia

Budget properties under lease in Northern Virginia