What do property managers in Northern Virginia do?
If this is your first-time looking at hiring a property management company, 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 eager to provide more information.
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 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 property owner 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 homeowner or condo association. If the tenant is in violation of homeowner or condo association rules, we provide written notice to the tenant and take steps to put the 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.
Manage Repairs
Nesbitt Realty manages and dispatches handymen as needed. We aim 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 during tenancy.
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
What makes us different from other property managers in Northern Virginia
Northern Virginia Property Management Resources
Basics
Elementary info about what management services in Northern Virginia.
Getting Started
Learn more about getting started with 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 real estate investors?
Cost
A list of prices of rental management in Northern Virginia
Vetting
How Nesbitt Realty vets tenants for our clients.
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 want understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who hopes to find out more about Northern Virginia and nearby areas. The Guide to Real Estate includes data about what has sold and what is for sale, as well as a couple of surprising facts that you may not be aware of. In addition, our Guide spotlights quite a few of the fundamentals of living in Northern Virginia. Of course, most of this is interesting for purchasers and sellers, but rental investors and tenants might also find this data to be somewhat edifying.
More Information
If you've never employed a rental property manager in Northern Virginia before, you should want to understand as much as possible about the process and what property managers actually 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.
