First-time using property management?

What do property managers in Alexandria do?

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

Collect Rents

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 property management company.

Keep Records

Nesbitt Realty keeps a record of all income 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 necessary, your manager will deal with homeowner's association (or condo association). If your renter is in violation of homeowner or condo association rules, we give official notice to the 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.

Manage Maintenance

Nesbitt Realty manages and dispatches handymen as needed. We aim to get work done in a prompt manner at a price and quality satisfactory to the landlord.

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 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.

Our Differentiators

Alexandria Property Management Resources

Basics

Elementary information 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 dependable renter in Alexandria fast.

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Accounting

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

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Cost

An overview of prices of property management services in Alexandria

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Vetting

How Nesbitt Realty checks the backgrounds of 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.

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There is a first-time for everyone.

Should you understand more about this local real estate market?

Our Guide to Real Estate is a handy tool for anyone who hopes to investigate real estate facts about Alexandria and surrounding areas.  The Guide to Real Estate has facts regarding what has sold and what is for sale, as well as many surprising facts that you may not be aware of.  And, our Guide highlights some assets of living in Alexandria.  Yes, most of this is useful for buyers and sellers, but rental investors and renters should also find the facts to be quite edifying.

More Information

If you've never hired a property manager in Alexandria before, you will want to know as much as possible about management and what rental property managers 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.

 

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