What do rental property management companies in Northern Virginia do?
If this is your first-time hiring a rental property manager, you might want to learn more about what exactly property management companies do. If this quick reference doesn't answer all your questions, we're always will to provide more information.
Collect Rents
Nesbitt Realty puts rents into an escrow account and from that account we disburse funds to pay bills, income to the landlord and fees to the property manager.
Keep Records
Nesbitt Realty keeps a record of all income 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, your manager will deal with homeowner's association (or condo association). If your renter has violated HOA/COA rules, we give written notice to the renter and take steps to put the tenant 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 Upkeep
Nesbitt Realty manages and dispatches maintenance personnel when needed. We aim to get work done in a prompt fashion at a price and quality satisfactory to the property owner.
Inspections
Nesbitt Realty inspects the property at the time of move-in at the time of move-out and from time-to-time while the lease is active.
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 information about what management services in Northern Virginia.
-
Getting Started
Learn more about getting started with rental property management
-
Find A Tenant
Market 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
A list of fees associated with rental management services in Northern Virginia
-
Vetting
How Nesbitt Realty vets 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.
Do you need understand more about the local real estate market?
Our Guide to Real Estate is a helpful tool for everyone who wants to review important real estate information about Northern Virginia and nearby communities. The Guide to Real Estate includes facts regarding what has sold and what is on the market, as well as many shocking facts that you might not be aware of. Furthermore, our Guide has many of the elements of living in Northern Virginia. As might be expected, all of this is interesting for purchasers and sellers, but real estate investors and tenants will probably also find this information to be somewhat enlightening.
More Information
If you've never hired a property management company in Northern Virginia before, you may want to know as much as possible about management and what rental property managers really 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.
