First-time using property management?

If this is your first-time hiring a rental property management company, you might want to understand more about what exactly rental property management companies do.  If this free 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 real estate investor and fees to the rental property manager.

Keep Records

Nesbitt Realty keeps a record of all income and receipts. 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's association (or condo association). If the tenant has violated homeowner's association (or condo association) covenants, we provide official 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 Repairs

Nesbitt Realty manages and dispatches handymen when required. 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 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.