Do you need a rental property management company in Oakton?
Nesbitt Realty manages rentals in Oakton, VA. If you're a real estate investor in the area, you would be smart to get to know us better. We are a tiny real estate brokerage that is well-qualified 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.
Do you need a property manager in Oakton?
Although there are many advantages from hiring a property management company, there is also an associated expense with employing a property management company. In addition to the cost of rental property management, there are other reasons why property management may not be for every landlord. Think about the following questions to figure out if hiring a rental property manager would be the best choice for your investment.
Factors to consider:
Will you reside and work not far from your rental property? Northern Virginia and to a certain extent Oakton is a very transient community. Northern Virginia has more than our share 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 rental management? Some landlords look forward to the task of finding good tenants. Some landlords think that keeping up with maintenance and managing cleaners is rewarding. For this reason, they get a kick out of fielding calls at strange hours. But, if you don't need more work, you might not want the chores of managing your own rental property. If, you don't want the work from the day-to-day chores, you would be smart to consider employing a rental property manager to handle your investment.
Do you want to fight with your tenants? If you have renters, sooner or later you will have problems. Even if you find hands-on management rewarding of the property, you may not find wrestling your tenants is satisfying. In addition, if you're not a professional rental property manager, you can get in a mess in a hurry if you don't understand tenant's right. If you've already got your hands full, then the last thing you need is extra worries. So, employing a property management company might be a smart (and tax deductible) expense.
Can you afford the cost? Let's face it. hiring a rental property manager is much more attractive choice if if your cash flow is positive. If monthly cash-flow is not a problem, you'll probably save money by employing a property management company and writing off the expense. But if at the end of every month cash is tight, you might not want to hire 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 rental property management in today's litigious culture the more you'll know the value of paying a professional in your corner.
Do you have maintenance people? Each rental property must have maintenance. When your tenant reach out tos in need of property upkeep will you know who to phone 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 may want to consider hiring a property management company.
Our Guide to Real Estate is a handy resource for everyone who needs to review important real estate information about Oakton and surrounding areas. The Guide to Real Estate compiles facts regarding what has sold and what is for sale, as well as a few surprising facts that you may not be aware of. And, our Guide highlights quite a few of the elements of living in Oakton. Certainly, most of this is interesting for buyers and sellers, but real estate investors and tenants will probably also find the facts to be quite enlightening.
