First-time using property management?

What do rental property managers 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 free reference doesn't answer all your questions, we're always happy to help.

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 a record of all money and receipts. 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 required, we deal with HOA/COA. If the tenant has violated homeowner's association (or condo association) rules, we give written notice to your renter and take steps to put your 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 when required. We try to have work done in a timely manner at a price and quality satisfactory 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 during tenancy.

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

Northern Virginia Rental Management Resources

Basics

Elementary info about what property management 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 great tenant 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

A list of prices of rental management in Northern Virginia

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Vetting

How Nesbitt Realty checks the backgrounds of renters for property owners.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage property?

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Clients

Who uses Nesbitt Realty management services?

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Contact

Call (703)765-0300 to speak to a rental specialist now.

Email

There is a first-time for everyone.

Should you understand more about our area?

Our Guide to Real Estate is a helpful resource for everyone who hopes to learn more about Northern Virginia and nearby areas.  The Guide to Real Estate includes facts about what has sold and what is for sale, and some shocking facts that you might not be aware of.  In addition, our Guide spotlights many of the aspects of living in Northern Virginia.  Of course, all of this is helpful for purchasers and sellers, but real estate investors and renters might also find these tools to be very useful.

More Information

If you've never used a property management company in Northern Virginia before, you should want to know as much as possible about the process and what property managers really do. Feel free to call and discuss 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.

 

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