First-time using property management?

What do rental property managers in Northern Virginia do?

If this is your first-time hiring a rental property manager, you may want to understand more about what exactly property management companies do.  If this free reference doesn't answer all your questions, we're always happy 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 an accounting of all income 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 required, we deal with homeowner or condo association. If your renter is in violation of HOA/COA rules, we give written notice to your 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.

Handle Upkeep

Nesbitt Realty manages and dispatches handymen when required. We aim to have 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 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

Northern Virginia Rental Management Resources

There is a first-time for everyone.

Do you want know more about the area?

Nesbitt Realty's Guide to Real Estate is a free tool for anyone who hopes to review important real estate information about Northern Virginia and nearby areas.  The Guide to Real Estate includes information regarding what has sold and what is on the market, as well as a few shocking facts that you may not be aware of.  Also, our Guide spotlights quite a few of the benefits of residing in Northern Virginia.  As might be expected, all of this is useful for buyers and sellers, but real estate investors and renters will probably also find the facts to be somewhat enlightening.

More Information

If you've never employed a rental property manager in Northern Virginia before, you should want to understand as much as possible about management and what property management companies actually do. Feel free to call and discuss 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.

 

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