Nesbitt Realty manages rental properties in Oakton, VA. If you're a property owner in the area, you should get to know us better. We are a tiny brokerage that is eager to serve your needs. We can market your rental property and we will find the best possible renter as quickly as possible.
Feel free to call us at (703)765-0300 for more information.
Our management experts are here when you need them.
Although an invester will enjoy several advantages from hiring a property manager, there is also an associated expense with employing a rental property manager. In addition to the costs of property management, there are other reasons why property management might not be for every landlord. Think about the following questions to decide whether hiring a rental property manager would be the best option for your property.
Ask yourself these questions:
Do you reside and work close to your rental property? Northern Virginia and to a certain extent Oakton is a very transient region. Northern Virginia has quite a few military, diplomats, State Department, political appointees and academia. If you're getting transferred across the country or around the world, it might be a good idea to let a professional manage your rental. Even simple tasks can get complicated very quickly when you aren't around to manage the details.
Do you want to handle the details of rental management? Some landlords relish the task of finding reliable tenants. Some landlords find that maintaining a property and managing handymen is fun. Therefore, they enjoy taking early morning calls. However, if you don't need more work, you may not want the chores of managing your own property. If, you don't need the work from the day-to-day tasks, you are smart to think about employing a rental property manager to manage your rental property.
Do you want to argue with your renters? If you have tenants, eventually you will have to deal with issues. Even if you find hands-on management rewarding of the property, you may not find wrestling your tenants is fun. More importantly, if you're not a professional property manager, you can get into trouble in a hurry if you don't know local regulations. If you've already got your hands full, then the last thing you want is extra worries. Hence, hiring a rental property manager may be a good (and tax deductible) expense.
Can you afford the cost? Let's face it. hiring a property manager is much more attractive choice if you're not in a cash crunch. If monthly cash-flow is not an issue, you'll probably save money by paying a rental property manager and writing off the expense. But if at the end of every month cash is tight, you might not want to hire a property manager.
Can you afford the risk? Do you understand the Virginia Residential Landlord Tenant Act? Do you understand the tenant's rights? Do you understand your duties? The more you know about rental management in today's litigious culture the more you'll understand the benefit of having a professional on your side.
Do you have maintenance people? Every property needs repairs. If your tenant contacts in need of property upkeep will you know who to hire and what to do in a prompt manner? Do you know which repairs are the property owner's responsibility and which repairs are a renter expense. If not, you might want to move toward hiring a property management company.
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who needs to find out more about Oakton and neighboring areas. The Guide to Real Estate compiles information regarding what has sold and what is for sale, as well as a few surprising facts that you might not be aware of. In addition, our Guide spotlights many of the benefits of residing in Oakton. Of course, all of this is helpful for buyers and sellers, but owners and tenants will also find this information to be very enlightening.
