First-time using property management?

What do rental property managers in Northern Virginia do?

If this is your first-time considering hiring a rental property manager, you might want to learn more about what exactly rental property management companies do.  If this free reference doesn't answer all your questions, we're always eager 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 real estate investor and fees to the rental property manager.

Keep Records

Nesbitt Realty keeps an accounting of all money and receipts. We send monthly statements to the real estate investor 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 or condo association covenants, we provide written notice to the tenant and take steps to put your renter 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 Upkeep

Nesbitt Realty manages and dispatches maintenance personnel when needed. We strive to have work done in a timely manner 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 property owner 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

There is a first-time for everyone.

Do you need understand more about our area?

Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who hopes to review important real estate information about Northern Virginia and neighboring areas.  The Guide to Real Estate has information about what has sold and what is for sale, and some surprising facts that you may not be aware of.  Also, our Guide has many of the aspects of living in Northern Virginia.  Naturally, all of this is helpful for purchasers and sellers, but landlords and tenants will probably also find these tools to be somewhat eye-opening.

More Information

If you've never used a property manager in Northern Virginia before, you will want to know as much as possible about the process and what property management companies really do. Feel free to call and chat 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.

 

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