First-time using property management?

What do property managers in Alexandria do?

If this is your first-time hiring a property manager, you may want to understand more about what exactly rental property management companies do.  If this free reference doesn't answer all your questions, we're always eager to provide more information.

Collect Rents

Nesbitt Realty deposits rents into an escrow account and from that account we disburse funds to pay bills, income to the real estate investor and fees to the rental property manager.

Keep Records

Nesbitt Realty keeps a record of all income and payables. 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 or condo association. If your renter is in violation of HOA/COA covenants, we give notice to your renter 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 Maintenance

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

Inspections

Nesbitt Realty inspects the property 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 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.

Our Differentiators

Alexandria Rental Management Resources

Basics

Basic information regarding property management in Alexandria.

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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 reliable tenant in Alexandria fast.

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Accounting

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

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Cost

A list of prices of property management services in Alexandria

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Vetting

How Nesbitt Realty vets tenants for our clients.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rentals?

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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 want know more about the local real estate market?

Nesbitt Realty's Guide to Real Estate is a free tool for anyone who wants to review important real estate information about Alexandria and neighboring areas.  The Guide to Real Estate compiles information about what has sold and what is for sale, and many surprising facts that you might not know.  In addition, our Guide features some fundamentals of life in Alexandria.  Of course, most of this is useful for buyers and sellers, but owners and renters may also find these resources to be very useful.

More Information

If you've never employed a rental property management company in Alexandria before, you should want to learn as much as possible about the process 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.

 

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