What do rental property managers in Alexandria do?
If this is your first-time considering hiring a rental property manager, you should want to understand more about what exactly property managers do. If this 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 landlord and fees to the rental property manager.
Nesbitt Realty keeps a record of all money 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 required, we deal with homeowner or condo association. If your renter is in violation of homeowner or condo association covenants, we give written notice to the renter and take steps to put the tenant in compliance. We keep you apprised of notices and necessary actions.
Nesbitt Realty ensures that your rental property complies with state laws, local Alexandria ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches maintenance personnel as required. We strive to get work done in a timely fashion at a price and quality satisfactory to the landlord.
Nesbitt Realty inspects the rental at the time of move-in at the time of move-out and from time-to-time while the tenant is occupying the property.
Provide a Level of Separation
This is the one duty that no landlord 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.
Alexandria Rental Management Resources
Do you want understand more about this community?
Our Guide to Real Estate is a handy tool for anyone who hopes to learn more about Alexandria and surrounding communities. The Guide to Real Estate has information regarding what has sold and what is currently listed, and a couple of surprising facts that you may not know. And, our Guide spotlights some elements of residing in Alexandria. As a matter of course, most of this is useful for purchasers and sellers, but real estate investors and tenants might also find the facts to be very informative.
If you've never hired a property manager in Alexandria before, you may want to learn as much as possible about management and what rental property management companies really 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.