What do rental property managers in Northern Virginia do?
If this is your first-time looking at hiring a rental property management company, you may want to learn more about what exactly rental property managers do. If this reference doesn't answer all your questions, we're always happy 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 real estate investor and fees to the rental property manager.
Keep Records
Nesbitt Realty keeps an accounting of all income and payables. We send monthly statements to the real estate investor 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 has violated homeowner or condo association rules, we give official notice to your renter and take steps to put the 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 Upkeep
Nesbitt Realty manages and dispatches handymen when needed. We aim to get work done in a timely fashion at a price and quality acceptable to the real estate investor.
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 lease is active.
Provide a Level of Separation
This is the one duty that no landlord 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
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Basics
Elementary info about what management services 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
Market your property to rent to find a reliable 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 vets tenants for landlords.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage rental property?
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Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Do you need know more about the area?
Our Guide to Real Estate is a handy resource for anyone who needs to find out more about Northern Virginia and neighboring communities. The Guide to Real Estate includes information regarding what has sold and what is for sale, as well as many compelling facts that you may not know. Not to mention, our Guide has quite a few of the benefits of living in Northern Virginia. Of course, most of this is helpful for buyers and sellers, but real estate investors and renters should also find this information to be somewhat edifying.
More Information
If you've never used a rental property management company in Northern Virginia before, you should want to know as much as possible about management and what property managers really do. Feel free to call and talk 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.
