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First-time using property management?

First-time using property management?

What do property management companies in Northern Virginia do?

If this is your first-time hiring a rental property manager, you may want to know more about what exactly property management companies do.  If this reference doesn't answer all your questions, we're always eager to provide more information.

Collect Rents

Nesbitt Realty puts funds from rent 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 an accounting of all money and payables. We send monthly statements to the landlord 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, your manager will deal with homeowner's association (or condo association). If your renter is in violation of HOA/COA rules, we give written notice to your renter and take steps to put the tenant 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 Repairs

Nesbitt Realty manages and dispatches handymen when needed. We try to get work done in a timely fashion at a price and quality satisfactory to the property owner.

Inspections

Nesbitt Realty inspects the rental at the time of move-in at the time of move-out and from time-to-time during tenancy.

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

What makes us different from other property managers in Northern Virginia

Northern Virginia Property Management Resources

There is a first-time for everyone.

Sean Nesbitt

Do you need understand more about our area?

Our Guide to Real Estate is a handy tool for everyone who wants to review important real estate information about Northern Virginia and nearby areas.  The Guide to Real Estate includes facts about what has sold and what is currently listed, as well as some interesting facts that you may not be aware of.  Not to mention, our Guide has quite a few of the fundamentals of living in Northern Virginia.  As might be expected, most of this is useful for purchasers and sellers, but owners and tenants will likely also find this information to be quite useful.

More Information

If you've never hired a rental property management company in Northern Virginia before, you may want to learn as much as possible about management and what rental property managers 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.