What do rental property management companies in Northern Virginia do?
If this is your first-time hiring a rental property manager, you should want to know more about what exactly property management companies do. If this reference doesn't answer all your questions, we're always will to provide more information.
Collect Rents
Nesbitt Realty deposits 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 rental property management company.
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 necessary, we deal with homeowner or condo association. If the tenant has violated homeowner's association (or condo association) covenants, we provide notice to the tenant 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.
Manage Repairs
Nesbitt Realty manages and dispatches handymen as needed. We strive to get work done in a timely fashion at a price and quality acceptable 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 while the tenant is occupying the property.
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 Rental Management Resources
Basics
Basic info regarding management services in Northern Virginia.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Northern Virginia fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with property management services in Northern Virginia
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage property?
Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Should you know more about this local real estate market?
Our Guide to Real Estate is a free resource for anyone who wants to review important real estate information about Northern Virginia and neighboring areas. The Guide to Real Estate compiles information about what has sold and what is currently listed, as well as a few interesting facts that you might not be aware of. Furthermore, our Guide has some fundamentals of living in Northern Virginia. Yes, all of this is helpful for purchasers and sellers, but owners and tenants should also find these resources to be somewhat eye-opening.
More Information
If you've never contracted with a property management company in Northern Virginia before, you may want to know as much as possible about the process and what rental property managers actually 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.
