What do rental 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 free 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 real estate investor and fees to the rental property management company.
Keep Records
Nesbitt Realty keeps a record of all income 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, your manager will deal with HOA/COA. If the tenant is in violation of HOA/COA covenants, we provide notice to the tenant 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.
Handle Repairs
Nesbitt Realty manages and dispatches handymen when needed. We strive 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 Property Management Resources
-
Basics
Fundamental info about what rental managment 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 services in Northern Virginia
-
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
-
Reserves
What is a contingency reserve account?
-
Territory
Where does Nesbitt Realty manage rentals?
-
Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Do you want know more about this area?
Our Guide to Real Estate is a free tool for everyone who hopes to investigate real estate facts about Northern Virginia and surrounding communities. The Guide to Real Estate compiles facts regarding what has sold and what is on the market, as well as a couple of interesting facts that you might not know. In addition, our Guide features many of the benefits of residing in Northern Virginia. Certainly, all of this is useful for purchasers and sellers, but landlords and tenants will probably also find the facts to be somewhat informative.
More Information
If you've never employed a rental property manager in Northern Virginia before, you should want to know as much as possible about the process and what rental property managers 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.
