What do rental property managers in Northern Virginia do?
If this is your first-time hiring a property management company, you might want to learn 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 rents into an escrow account and from that account we disburse funds to pay bills, income to the property owner and fees to the property management company.
Keep Records
Nesbitt Realty keeps a record of all money and payables. 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 required, your manager will deal with HOA/COA. If the tenant is in violation of homeowner or condo association rules, we provide notice to the tenant 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 handymen when required. We strive to get work done in a timely manner at a price and quality satisfactory to the real estate investor.
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 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
What makes us different from other property managers in Northern Virginia
Northern Virginia Property Management Resources
-
Basics
Fundamental information about what management services in Northern Virginia.
-
Getting Started
Learn more about getting started with property management
-
Find A Tenant
List your property to rent to find a reliable tenant in Northern Virginia fast.
-
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
-
Cost
A breakdown of fees associated with property management services in Northern Virginia
-
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
-
Reserves
What is a contingency reserve account?
-
Territory
Where does Nesbitt Realty manage rental investments?
-
Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Do you want understand more about the community?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who hopes to learn more about Northern Virginia and nearby communities. The Guide to Real Estate compiles data about what has sold and what is currently listed, as well as a few interesting facts that you might not be aware of. In addition, our Guide has many of the fundamentals of living in Northern Virginia. Of course, most of this is useful for purchasers and sellers, but landlords and renters might also find these resources to be somewhat edifying.
More Information
If you've never contracted with a rental property management company in Northern Virginia before, you should want to learn as much as possible about management and what property management companies actually 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.
