First-time using property management?

If this is your first-time looking at hiring a rental property manager, you might want to understand more about what exactly rental property management companies do.  If this handy reference doesn't answer all your questions, we're always will 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 property manager.

Keep Records

Nesbitt Realty keeps an accounting 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 required, your manager will deal with homeowner or condo association. If the tenant is in violation of homeowner or condo association covenants, we provide notice to your renter and take steps to put your 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 as needed. We strive to have work done in a prompt manner at a price and quality acceptable to the real estate investor.

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 lease is active.

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.