First-time using property management?

What do property management companies in Northern Virginia do?

If this is your first-time hiring a property manager, you should want to understand more about what exactly property management companies do.  If this quick reference doesn't answer all your questions, we're always will to help.

Collect Rents

Nesbitt Realty puts rents into an escrow account and from that account we disburse funds to pay bills, income to the property owner and fees to the property manager.

Keep Records

Nesbitt Realty keeps a record of all income and receipts. We send monthly statements to the real estate investor and at the end of the year we prepare a 1099 tax document and an annual statement for tax preparation. These records are also available electronically if you prefer.

Deal with the Association

When necessary, we deal with HOA/COA. If the tenant has violated homeowner or condo association covenants, we give written notice to your renter and take steps to put the tenant in compliance.  We keep you apprised of notices and necessary actions.

Legal Compliance

Nesbitt Realty ensures that your rental property complies with state laws, local Northern Virginia ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.

Manage Repairs

Nesbitt Realty manages and dispatches maintenance personnel as needed. We try to have work done in a timely manner at a price and quality satisfactory to the real estate investor.

Inspections

Nesbitt Realty inspects the property at the time of move-in at the time of move-out and from time-to-time during tenancy.

Provide a Level of Separation

This is the one duty that no property owner can perform. A level of separation ensures professionalism is always maintained and personal feelings do not enter into the equation. Nesbitt Realty manages tenant relations including maintenance requests, late fee notices. We deal with a laundry list of tenant problems:

  • unauthorized guests, unauthorized pets,
  • parking issues,
  • tenant cleanliness,
  • noise violations,
  • neighbor complaints, etc.

If necessary, we manage the process of prosecuting actions to evict Tenants.

Our Differentiators

Northern Virginia Rental Management Resources

Basics

Elementary information regarding management services in Northern Virginia.

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Getting Started

Learn more about getting started with rental property management

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Find A Tenant

List your property to rent to find a dependable tenant in Northern Virginia fast.

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Accounting

How does Nesbitt Realty keep track of income and expenses for property owners?

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Cost

An overview of fees associated with property management services in Northern Virginia

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Vetting

How Nesbitt Realty checks the backgrounds of renters for landlords.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rental property?

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Clients

Who uses Nesbitt Realty management services?

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Contact

Call (703)765-0300 to speak to a property manager now.

Email

There is a first-time for everyone.

Do you need know more about this local real estate market?

Our Guide to Real Estate is a handy resource for everyone who wants to review important real estate information about Northern Virginia and neighboring areas.  The Guide to Real Estate has information about what has sold and what is on the market, and a couple of compelling facts that you might not be aware of.  Furthermore, our Guide highlights many of the aspects of residing in Northern Virginia.  Yes, all of this is useful for purchasers and sellers, but real estate investors and tenants will also find the facts to be very informative.

More Information

If you've never contracted with a property manager in Northern Virginia before, you will want to know as much as possible about management and what rental property managers really do. Feel free to call and chat about specific questions.

Money in general does not flow from the landlord to the property manager. Money flows from the tenant to the property manager to the landlord.  Fees and commissions are withheld from collected rents. The next step is to learn a little more about what differentiates us from other property managers.

 

At the top of the market recently rented in Northern Virginia

Average rentals recently rented in Northern Virginia

Less expensive properties under lease in Northern Virginia