Collecting rent
We expect and teach tenants in Northern Virginia to pay rent on time. Nearly every tenant we've ever managed has taken advantage of the grace period at some point during their lease, but we are very diligent about explaining that rent is due on the first day of the month. After the first day of the month, the lease allows for a grace period because sometimes unexpected events can cause the best laid plans to go wrong. If the renter pays during the grace period, there is no fee charged to the renter.
If the renter pays late we collect a late fee to cover the additional costs this imposes on us. It's no more or less work to take one late rent check to the bank than to take a stack of timely checks to the bank.
Evictions
It is in the best interest of both the tenant and landlord to come to an agreement to avoid the cost, inconvenience, and time involved in the court process. An eviction can jeopardize a renter’s ability to secure future housing and will impact their rental history and future rental references.
The best way to avoid an eviction process is to start with good renter screening and background checks. There is a process that can take a number of weeks to evict a tenant. All evictions require a court hearing and an order signed by a judge. Because this process is lengthy, Nesbitt Realty is very swift to act when a renter is even a day late.
Landlord Reference
a handy archive for rental investors in Northern Virginia
- Before you rent out your rental property in Northern Virginia
- Collections and evictions
- Communications with the tenant
- During tenancy
- End of lease term and what happens when a renter breaks the lease
- How does the landlord get paid?
- How your property management company handles the association and your community
- How your management company handles utilities
- How we find renters
- Insurance matters for property owners using our rental management
- How Nesbitt Management handles keys
- Northern Virginia owner responsibilities
- Maintenance, repairs & inspections for your property in Northern Virginia
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental property
- When landlords don't yet know their new address
- Vetting renters in Northern Virginia