What do property managers in Northern Virginia do?
If this is your first-time looking at hiring a property management company, you might want to know more about what exactly property management companies do. If this quick reference doesn't answer all your questions, we're always eager to help.
Nesbitt Realty puts funds from rent 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 manager.
Nesbitt Realty keeps a record of all money and payables. 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 homeowner or condo association. If the tenant has violated homeowner's association (or condo association) covenants, we give notice to your tenant and take steps to put your renter in compliance. We keep you apprised of notices and required 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 handymen as required. We strive to get work done in a prompt manner at a price and quality satisfactory to the real estate investor.
Nesbitt Realty inspects the rental 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
Do you want understand more about our community?
Our Guide to Real Estate is a free resource for everyone who hopes to review important real estate information about Northern Virginia and neighboring areas. The Guide to Real Estate has data about what has sold and what is on the market, and a few compelling facts that you might not be aware of. And, our Guide highlights some assets of residing in Northern Virginia. Yes, all of this is useful for buyers and sellers, but landlords and renters should also find this data to be quite sobering.
If you've never contracted with a property manager in Northern Virginia before, you should want to learn as much as possible about management and what rental property managers actually do. Feel free to call and talk 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.