Nesbitt Realty manages investment property in Bristow, VA. If you're a property owner in the area, you may want to familiarize yourself with us. We are a family-run real estate business that is happy to serve your needs. We can list your rental property and we will find the best possible tenant as quickly as possible.
Feel free to call us at (703)765-0300 for more information.
Enjoy peace of mind by using a property management company serving Bristow
Although an invester will enjoy significant benefits from employing a property manager, there is also a cost associated with employing a rental property manager. In addition to the costs of rental property management, there are other reasons why rental management may not be for you. Consider the following factors to figure out whether hiring a rental property manager would be a good option for you.
Factors to consider:
Do you live and work not far from your property? Northern Virginia and to a certain extent Bristow is a very transient region. Northern Virginia has plenty of military, diplomats, State Department, political appointees and academia. If you're getting transferred across the country or around the world, it might be a good idea to let a professional manage your rental. Even simple tasks can get complicated very quickly when you aren't around to manage the details.
Do you want to handle the details of property management? Some landlords enjoy the chore of identifying good tenants. Some real estate investors think that managing maintence and managing handymen is fun. Thus, they have fun fielding calls at strange hours. Above all, if you don't want another job, you may not want the duties of managing your own investment. When, you don't need the work from the day-to-day chores, you should probably think about hiring a property manager to handle your rental property.
Do you like manage your tenants? If you have tenants, eventually you will have issues. Even if you find hands-on management rewarding of the property, you may not find wrestling your renters is satisfying. More importantly, if you're not a professional property manager, you can get in deep trouble in a hurry if you don't know the law. If you've already got a full-plate, then the last thing you want is extra hassles. For this reason, employing a property manager may be a smart (and tax deductible) expense.
Can you afford the cost? Let's face it. employing a property management company is much more attractive option if you're not in a cash crunch. If monthly cash-flow is not a problem, you'll probably save money by employing a rental property manager and writing off the expense. But if at the end of every month cash is tight, you might not want to pay a property manager.
Can you afford the risk? Do you understand the Virginia Residential Landlord Tenant Act? Do you know the tenant's rights? Do you know your responsibilities? The more you understand property management in today's litigious society the more you'll understand the benefit of paying an expert on your side.
Do you have maintenance people? Every rental property needs maintenance. If your tenant talk tos in need of maintenance will you know who to phone and what to do in a timely fashion? Do you know which repairs are the landlord's responsibility and which repairs are a renter expense. If not, you might want to consider hiring a rental property manager.
Should you know more about this local real estate market?
Our Guide to Real Estate is a free tool for anyone who needs to find out more about Bristow and nearby areas. The Guide to Real Estate includes information about what has sold and what is for sale, and many shocking facts that you might not be aware of. And, our Guide features many of the fundamentals of living in Bristow. Certainly, all of this is interesting for buyers and sellers, but rental investors and tenants will probably also find this data to be quite edifying.
