First-time using property management?

What do property management companies in Alexandria do?

If this is your first-time hiring a rental property manager, you may want to learn more about what exactly property managers do.  If this reference doesn't answer all your questions, we're always happy to help.

Collect Rents

Nesbitt Realty deposits rents 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.

Keep Records

Nesbitt Realty keeps an accounting of all income 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 required, your manager will deal with homeowner's association (or condo association). If your renter has violated HOA/COA covenants, we give official notice to your tenant and take steps to put the tenant in compliance.  We keep you apprised of notices and required actions.

Legal Compliance

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.

Handle Repairs

Nesbitt Realty manages and dispatches maintenance personnel when needed. We strive to get work done in a timely fashion at a price and quality satisfactory to the property owner.

Inspections

Nesbitt Realty inspects the rental at the time of move-in at the time of move-out and from time-to-time while the lease is active.

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

Alexandria Rental Management Resources

Basics

Fundamental info regarding property management in Alexandria.

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Getting Started

Learn more about getting started with property management

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Find A Tenant

List your property to rent to find a great tenant in Alexandria fast.

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Accounting

How does Nesbitt Realty keep track of income and expenses for real estate investors?

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Cost

An overview of fees associated with rental management in Alexandria

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Vetting

How Nesbitt Realty vets renters for property owners.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage 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 management specialist now.

Email

There is a first-time for everyone.

Do you want understand more about our local real estate market?

Our Guide to Real Estate is a handy tool for everyone who hopes to investigate real estate facts about Alexandria and neighboring communities.  The Guide to Real Estate includes data about what has sold and what is currently listed, and a couple of shocking facts that you may not be aware of.  Not to mention, our Guide has many of the assets of living in Alexandria.  Yes, all of this is interesting for purchasers and sellers, but property owners and renters should also find these resources to be somewhat edifying.

More Information

If you've never used a rental property management company in Alexandria before, you will want to understand as much as possible about the process and what rental property management companies actually 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.

 

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