What do rental property management companies in Northern Virginia do?
If this is your first-time hiring a property management company, you might want to know more about what exactly property managers do. If this free 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 money 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, we deal with HOA/COA. If the tenant has violated homeowner or condo association covenants, we provide notice to your tenant and take steps to put the renter 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 maintenance personnel when needed. We strive to have work done in a timely fashion at a price and quality acceptable to the real estate investor.
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 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
Basic information regarding rental managment in Northern Virginia.
-
Getting Started
Learn more about getting started with rental property management
-
Find A Tenant
Market your property to rent to find a dependable renter in Northern Virginia fast.
-
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
-
Cost
A breakdown of prices of rental management services in Northern Virginia
-
Vetting
How Nesbitt Realty vets tenants for property owners.
-
Reserves
What is a contingency reserve account?
-
Territory
Where does Nesbitt Realty manage rental investments?
-
Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Do you want understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who hopes to find out more about Northern Virginia and neighboring communities. The Guide to Real Estate provides information about what has sold and what is on the market, as well as a couple of shocking facts that you may not be aware of. Also, our Guide features quite a few of the elements of living in Northern Virginia. Of course, most of this is helpful for purchasers and sellers, but property owners and tenants will likely also find these resources to be quite eye-opening.
More Information
If you've never used a property manager in Northern Virginia before, you will want to know as much as possible about the process and what 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.
