What do rental property management companies in Northern Virginia do?
If this is your first-time hiring a rental property management company, you may want to know more about what exactly rental property management companies do. If this reference doesn't answer all your questions, we're always eager 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 property owner and fees to the rental property management company.
Keep Records
Nesbitt Realty keeps an accounting of all money and payables. 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 necessary, we deal with homeowner or condo association. If your renter has violated HOA/COA covenants, we provide notice to your 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.
Manage Repairs
Nesbitt Realty manages and dispatches handymen as required. We strive to have work done in a timely fashion at a price and quality acceptable 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 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 Rental Management Resources
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Basics
Fundamental information regarding property management in Northern Virginia.
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Getting Started
Learn more about getting started with rental property management
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Find A Tenant
Market your property to rent to find a reliable renter in Northern Virginia fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
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Cost
A breakdown of prices of property management services in Northern Virginia
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Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage rental investments?
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Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Do you need understand more about this area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who hopes to investigate real estate facts about Northern Virginia and nearby communities. The Guide to Real Estate includes facts regarding what has sold and what is currently listed, as well as some compelling facts that you may not be aware of. Furthermore, our Guide highlights some assets of living in Northern Virginia. As might be expected, most of this is interesting for buyers and sellers, but owners and renters will also find these tools to be quite eye-opening.
More Information
If you've never used a property manager in Northern Virginia before, you should want to know as much as possible about management and what rental property management companies really 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.
