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First-time using property management?

First-time using property management?

What do property managers in Northern Virginia do?

If this is your first-time hiring a rental property manager, you should want to learn more about what exactly rental property managers do.  If this handy 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 real estate investor and fees to the rental property management company.

Keep Records

Nesbitt Realty keeps an accounting of all income and payables. We send monthly statements to the real estate investor 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 the tenant has violated homeowner's association (or condo association) covenants, we give written notice to your renter and take steps to put your 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.

Manage Repairs

Nesbitt Realty manages and dispatches handymen as required. We try to get work done in a prompt fashion at a price and quality satisfactory 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 lease is active.

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.

Our Differentiators

What makes us different from other property managers in Northern Virginia

Northern Virginia Property Management Resources

There is a first-time for everyone.

Sean Nesbitt

Do you want know more about our local real estate market?

Nesbitt Realty's Guide to Real Estate is a free tool for everyone who needs to investigate real estate facts about Northern Virginia and nearby areas.  The Guide to Real Estate compiles information regarding what has sold and what is currently listed, as well as some surprising facts that you may not know.  Furthermore, our Guide highlights many of the elements of living in Northern Virginia.  Of course, all of this is helpful for purchasers and sellers, but owners and renters will probably also find these tools to be very informative.

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 the process and what rental property management companies actually 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.