Do you need a rental property management company in Bridgewater?
Nesbitt Realty management services are here when you need them.Although there are many benefits from employing a property manager, there is also an associated expense with employing a rental property manager. In addition to the fees of rental management, there are other reasons why rental management might not be for every landlord. Think about the following factors to decide whether hiring a property manager would be the right choice for your property. Ask yourself these questions:
- Will you live and work not far from your rental property? Northern Virginia and to a certain extent Bridgewater 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 property management? Some landlords relish the task of identifying reliable tenants. Some property owners find that keeping up with maintenance and managing cleaners is pleasurable. Therefore, they enjoy taking late night calls. In contrast, if you don't want more work, you might not want the chores of managing your own rental property. If, you don't need the work from the day-to-day tasks, you should probably consider employing a property manager to manage your investment.
- Do you like manage your renters? If you have tenants, eventually you will have problems. Even if you find hands-on management rewarding of the property, you may not find fight with your tenants is satisfying. More importantly, if you're not a professional property management company, you can get into trouble quickly if you don't know local regulations. If you've already got your hands full, the last thing you want is extra worries. So, employing a rental property manager might be a good (and tax deductible) expense.
- Can you afford the cost? Let's face it. hiring a property management company is much more attractive choice if you can afford it. If monthly cash-flow is not a problem, you'll probably save money by hiring 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 rental 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 duties? The more you understand rental management in today's litigious culture the more you'll understand the value of employing an expert on your side.
- Do you have maintenance people? Each investment requires maintenance. When your tenant emails for maintenance will you know who to hire and what to do in a prompt manner? Do you know which repairs are the landlord's responsibility and which repairs are a tenant expense. If not, you should consider employing a rental property manager.
Do you need know more about the local real estate market?
Our Guide to Real Estate is a free tool for everyone who wants to learn more about Bridgewater and nearby communities. The Guide to Real Estate has information about what has sold and what is for sale, and some interesting facts that you might not be aware of. Not to mention, our Guide has many of the aspects of life in Bridgewater. Of course, most of this is helpful for purchasers and sellers, but rental investors and renters will probably also find this data to be somewhat informative.
Bridgewater Rental Management Resources
a useful source for landlords in Bridgewater
- Before you rent out your property in Bridgewater
- Collections and evictions
- Communications with the tenant
- During the lease term
- End of tenancy and what happens when a renter breaks the lease
- How does the property owner get paid?
- How your property manager handles the association and your community
- How your management company handles utilities
- How Nesbitt Realty finds renters
- Insurance matters for landlords using our property management
- How Nesbitt Realty & Management manage keys
- Bridgewater owner responsibilities
- Maintenance, repairs & inspections for your rental property in Bridgewater
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental investment
- When owners don't yet know their new address
- Vetting renters in Bridgewater
More Information About Bridgewater
Rental Property Management
Talk to us about managing your rental property.
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