What do property managers in Northern Virginia do?
If this is your first-time considering hiring a property management company, you should want to learn more about what exactly rental property management companies do. If this handy reference doesn't answer all your questions, we're always will to help.
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 rental property management company.
Nesbitt Realty keeps an accounting of all money and receipts. We send monthly statements to the property owner 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 homeowner's association (or condo association). If your renter has violated homeowner's association (or condo association) covenants, we give notice to the renter and take steps to put the renter in compliance. We keep you apprised of notices and necessary actions.
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.
Nesbitt Realty manages and dispatches maintenance personnel when required. We try to have work done in a prompt fashion at a price and quality satisfactory to the landlord.
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 real estate investor 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.
Northern Virginia Property Management Resources
Should you know more about our area?
Our Guide to Real Estate is a handy tool for everyone who hopes to investigate real estate facts about Northern Virginia and neighboring areas. The Guide to Real Estate has information about what has sold and what is for sale, as well as a couple of surprising facts that you might not be aware of. And, our Guide has many of the benefits of residing in Northern Virginia. Of course, most of this is helpful for buyers and sellers, but owners and tenants might also find this information to be very useful.
If you've never employed a rental property management company in Northern Virginia before, you may want to understand as much as possible about management and what property management companies really do. Feel free to call and discuss 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.