First-time using property management?

What do property management companies in Northern Virginia do?

If this is your first-time looking at hiring a rental property management company, you may want to understand more about what exactly rental property managers do.  If this quick reference doesn't answer all your questions, we're always eager to help.

Collect Rents

Nesbitt Realty puts funds from rent into an escrow account and from that account we disburse funds to pay bills, income to the landlord and fees to the rental property manager.

Keep Records

Nesbitt Realty keeps a record 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, your manager will deal with homeowner or condo association. If the tenant has violated homeowner's association (or condo association) covenants, we give official notice to the tenant and take steps to put your renter 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.

Handle Upkeep

Nesbitt Realty manages and dispatches maintenance personnel as needed. We aim to get 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 during tenancy.

Provide a Level of Separation

This is the one duty that no real estate investor 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.

Should you know more about our local real estate market?

Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who hopes to review important real estate information about Northern Virginia and neighboring communities.  The Guide to Real Estate includes information about what has sold and what is on the market, and a couple of shocking facts that you might not know.  Also, our Guide spotlights some fundamentals of living in Northern Virginia.  Of course, all of this is helpful for buyers and sellers, but owners and tenants will also find these resources to be very informative.

More Information

If you've never employed a property manager in Northern Virginia before, you should want to learn as much as possible about the process and what rental 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.

 

At the top of the market recently rented in Northern Virginia

Typical rentals recently rented in Northern Virginia

Budget properties under lease in Northern Virginia