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 should want to learn more about what exactly property management companies do.  If this quick reference doesn't answer all your questions, we're always happy to provide more information.

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 property manager.

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 HOA/COA. If your renter has violated homeowner or condo association covenants, we provide notice to the 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 get work done in a timely fashion 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 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 Property Management Resources

There is a first-time for everyone.

Should you know more about this community?

Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who needs to learn more about Northern Virginia and surrounding areas.  The Guide to Real Estate has data about what has sold and what is on the market, as well as a couple of compelling facts that you may not be aware of.  And, our Guide highlights some aspects of living in Northern Virginia.  Certainly, most of this is helpful for purchasers and sellers, but rental investors and tenants may also find these tools to be very edifying.

More Information

If you've never used a property management company in Northern Virginia before, you should want to learn as much as possible about the process and what rental property managers 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.

 

At the top of the market under lease in Northern Virginia

Average rentals under lease in Northern Virginia

Budget properties recently rented in Northern Virginia