Do you require a property management company in Springfield?
Nesbitt Realty manages rental properties in Springfield, VA. If you're a real estate investor in the area, you may want to get to know us better. We are a local real estate company that is happy to serve your needs. We can market 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.
Our property management services are eager to serve your needs.
Although you will find many benefits from employing a rental property manager, there is also an associated expense with employing a property manager. In addition to the fees of rental property management, there are other reasons why rental management might not be for you. Think about the following factors to decide if hiring a rental property manager would be a good choice for your investment.
Factors to consider:
Will you live and work close to your property? Northern Virginia and to a certain extent Springfield is a very transient community. 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 task of identifying good tenants. Some real estate investors believe that maintaining a property and managing cleaners is rewarding. So, they like fielding calls at strange hours. But, if you don't need more work, you might not want the duties of managing your own rental property. If, you don't need the work from the day-to-day management of your properties, you would be smart to consider hiring a property management company to handle your rental property.
Do you want to fight with your tenants? If you have tenants, eventually you will have to deal with disagreements. Even if you find hands-on management rewarding of the property, you may not find fight with your tenants is fun. More importantly, if you're not a trained property manager, you can get in a mess in a hurry if you don't know landlord-tenant law. If you've already got a full-plate, the last thing you need is more to worry about. For this reason, hiring a property manager may be a smart (and tax deductible) expense.
Can you afford the cost? Let's face it. employing a property manager is much more attractive choice if you're not in a cash crunch. If monthly cash-flow is not a problem, you'll probably save money by employing a 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 management company.
Can you afford the risk? Do you understand the Virginia Residential Landlord Tenant Act? Do you understand the tenant's rights? Do you know your duties? The more you understand property management in today's litigious society the more you'll understand the value of hiring a professional in your corner.
Do you have a list of maintenance people? Each investment must have upkeep. If your tenant emails in need of repairs will you know who to hire and what to do in a prompt manner? Do you know which repairs are the landlord's expense and which repairs are a tenant responsibility. If not, you should move toward employing a rental property manager.
Do you want know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who hopes to find out more about Springfield and nearby areas. The Guide to Real Estate compiles facts about what has sold and what is on the market, and many compelling facts that you may not be aware of. Also, our Guide has some benefits of residing in Springfield. Definitely, all of this is helpful for buyers and sellers, but property owners and renters will probably also find these resources to be very eye-opening.
