Property Management Basics

Julie Nesbitt
Julie Nesbitt manages property in Northern VA. Her landlords value her attention to detail.

Property management is a business in and of itself. If you want to invest in real estate, but you don’t want to be a property manager, the solution is really quite simple: employ the services of Nesbitt Realty. Our family-run business is experienced with managing the day-to-day operations of properties just like yours. We manage residential properties including homes, condos and townhouses.

A big value-add provided by your Nesbitt Realty property manager is “separation”. This to say, your Nesbitt Realty property manager maintains a level of separation between the landlord and the tenants and the property. As you may already know, it’s important to invest in real estate without emotionally investing in tenants or property. Your Nesbitt Realty property manager helps ensure that you always make the best decision for your family, rather than making the best decision for the tenant’s family.

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Nesbitt Realty currently manages properties in Carlyle Towers, the Jamieson and across Northern VA.

So, your Nesbitt Realty rental property manager serves as a buffer between the owner and his tenants. Nesbitt Realty can help you find tenants, handling repair projects and maintenance, oversee improvements, collect rent, and even pay some expenses and taxes. The specific tasks we handle vary based upon upon the needs and wishes of the property owner. Additionally, a competent Nesbitt Realty property manager gives you protection from certain liabilities.

Nesbitt Realty usually charges a percentage of the rents collected. Every aspect of Nesbitt Realty property manager’s responsibilities will be outlined in a contract signed by both Nesbitt Realty and the landlord. This agreement details financial responsibilities and specifies the types of financial reports the landlord can expect.

Your Nesbitt Realty property manager will stay current on new laws and condo regulations which may be relevant to your situation. Nesbitt Realty Property Management takes a lot of the burden off of owning rental real estate.

  • REDUCED: 7202 Churchill Rd, McLean

    Open House, Sunday, 1-4 BIG PRICE DROP! 7202 CHURCHILL ROAD McLean, VA 22101 6 Bedrooms 5.5 Bathrooms 6,752 SF $1,695,000

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  • [FWD: The Empire Strikes Back Pictures]

    We played a game at the office this Sunday. Lots of fun. Sincerely, Will Nesbitt Principal Broker   Nesbitt RealtyAlexandria VA licensed in the Commonwealth of Virginia and the State of Maryland 703 765 0300 (main) 571 237 7902 (direct)888 783 6391 (fax) ——– Original Message ——– Subject: The Empire Strikes Back Pictures From: [email protected]

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  • Good Shepherd Housing and Family Services

    Fairfax County
    Established in 1974 with a mission to reduce homelessness, increase community support and promote self sufficiency, the Good Shepherd Housing and Family Services is operated by a multi-denominational board of directors and staff managing over 70 housing units. Good Shepherd Housing and Family Services is located in the Mount Zephyr Business Center at 8305 Richmond…

    Read More

  • Mistake 4: Acting too picky.

    We help buyers and sellers.
    While you should narrow down what you want and you list features most important to you, don’t be so inflexible that you make it impossible to find a home. If you’re too picky, you may have to continue renting when you could own a home. Be willing to compromise on some of the less important…

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Properties in Belle Haven

What’s involved in Property Management?

703 765 0300
As a landlord, you could do property management yourself, or you could hire a property manager like Nesbitt Realty to oversee the duty. Nesbitt Realty is accountable for property management details like:

  • Determining a competitive rental price, to get it quickly rented, with as little days vacant on the market as possible
  • Suggestions for improvements
  • Showing the property to prospective tenants
  • Processing rental applications
  • Tenant background investigations
  • Creating a lease
  • Property inspections
  • Rent collection
  • Overseeing repairs
  • Creating 1099 tax forms
  • Handling tenant requests
  • Managing security deposits

Aubrey NesbittAbout the Author --- Aubrey Nesbitt is a native of Northern Virginia who attended Virginia Commonwealth University. He is a veteran of the US Army and helps his family business by providing informational articles like this one. In addition to photography and blogging, Aubrey provides administrative support for the office.

What Services Do Property Managers Perform?

Julie Nesbitt
Julie Nesbitt

Property managers work for landlords to manage the day to day operations of rental properties.

  • Lease Administration  — Nesbitt Realty will prepare your lease, find and screen tenants.
  • Rental Servicing —There are a lot of annoying details that landlords must deal with: unless they have a property manager. Our team handles billing, collecting, processing and servicing your rental accounts, staying on top of your cash flow.
  • Rate Analysis — Nesbitt Realty will analyze the market and find the rental rates that will make you the most money.
  • Building Maintenance — Nesbitt Realty keeps your properties in top operating order.
  • Marketing — Our strategy is designed to keep your occupancy and tenant retention rates at maximum efficiency.
  • Vendor Negotiations — We only deal with reputable handymen, landscapers, appliance repairmen and service people. We’ll negotiate you best deal and keep your rental operating smoothly.
  • Compliance with Fair Housing Laws — We also provide all necessary legal disclosures and disclaimers.

    principal broker Will Nesbitt
    Will Nesbitt

If you are a landlord, then you need a company you can trust to handle your operational responsibilities. Nesbitt Realty and Condo Alexandria have the experience you want in your property manager. Will has been a landlord for over 20 years and is a full service broker trained in property management. Nesbitt Realty and Condo Alexandria offers full service management for condos, townhouses and single family residential properties. Condo Alexandria is dedicated to maximizing your profits without sacrificing on service.

  • REDUCED: 7202 Churchill Rd, McLean

    Open House, Sunday, 1-4 BIG PRICE DROP! 7202 CHURCHILL ROAD McLean, VA 22101 6 Bedrooms 5.5 Bathrooms 6,752 SF $1,695,000

    Read More

  • [FWD: The Empire Strikes Back Pictures]

    We played a game at the office this Sunday. Lots of fun. Sincerely, Will Nesbitt Principal Broker   Nesbitt RealtyAlexandria VA licensed in the Commonwealth of Virginia and the State of Maryland 703 765 0300 (main) 571 237 7902 (direct)888 783 6391 (fax) ——– Original Message ——– Subject: The Empire Strikes Back Pictures From: [email protected]

    Read More

  • Good Shepherd Housing and Family Services

    Fairfax County
    Established in 1974 with a mission to reduce homelessness, increase community support and promote self sufficiency, the Good Shepherd Housing and Family Services is operated by a multi-denominational board of directors and staff managing over 70 housing units. Good Shepherd Housing and Family Services is located in the Mount Zephyr Business Center at 8305 Richmond…

    Read More

  • Mistake 4: Acting too picky.

    We help buyers and sellers.
    While you should narrow down what you want and you list features most important to you, don’t be so inflexible that you make it impossible to find a home. If you’re too picky, you may have to continue renting when you could own a home. Be willing to compromise on some of the less important…

    Read More