What do rental property management companies in Northern Virginia do?
If this is your first-time hiring a property management company, you might want to know more about what exactly property managers do. If this reference doesn't answer all your questions, we're always eager to provide more information.
Collect Rents
Nesbitt Realty puts rents into an escrow account and from that account we disburse funds to pay bills, income to the real estate investor and fees to the property management company.
Keep Records
Nesbitt Realty keeps a record of all money 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 necessary, your manager will deal with homeowner or condo association. If the tenant is in violation of homeowner or condo association rules, we provide official notice to the tenant and take steps to put the tenant in compliance. We keep you apprised of notices and required 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.
Manage Repairs
Nesbitt Realty manages and dispatches handymen as needed. We try to have work done in a prompt manner at a price and quality acceptable 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 real estate investor 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 Rental Management Resources
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Basics
Elementary information regarding management services in Northern Virginia.
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Getting Started
Learn more about getting started with property management
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Find A Tenant
List your property to rent to find a great renter in Northern Virginia fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
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Cost
An overview of fees associated with property management services in Northern Virginia
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Vetting
How Nesbitt Realty vets tenants for property owners.
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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?
There is a first-time for everyone.
Should you know more about the local real estate market?
Our Guide to Real Estate is a free tool for everyone who hopes to review important real estate information about Northern Virginia and nearby communities. The Guide to Real Estate compiles information about what has sold and what is on the market, and many interesting facts that you may not know. Furthermore, our Guide features many of the aspects of life in Northern Virginia. Yes, all of this is useful for purchasers and sellers, but real estate investors and renters should also find this data to be very informative.
More Information
If you've never used a rental property management company in Northern Virginia before, you should want to understand as much as possible about management and what property management companies 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.
