What do property managers in Old_Town_Alexanria do?
If this is your first-time hiring a property manager, you may want to understand more about what exactly property management companies do. If this quick reference doesn't answer all your questions, we're always eager to help.
Collect Rents
Nesbitt Realty deposits funds from rent 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 management company.
Keep Records
Nesbitt Realty keeps an accounting 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 necessary, your manager will deal with homeowner or condo association. If the tenant is in violation of HOA/COA covenants, we provide written notice to the renter and take steps to put the renter in compliance. We keep you apprised of notices and necessary actions.
Legal Compliance
Nesbitt Realty ensures that your rental property complies with state laws, local Old_Town_Alexanria ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Handle Repairs
Nesbitt Realty manages and dispatches handymen as required. We strive to have work done in a prompt fashion at a price and quality acceptable to the real estate investor.
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 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
What makes us different from other property managers in Old_Town_Alexanria
Old_Town_Alexanria Property Management Resources
Basics
Fundamental information regarding property management in Old_Town_Alexanria.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable tenant in Old_Town_Alexanria fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management services in Old_Town_Alexanria
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Should you know more about this area?
Our Guide to Real Estate is a free tool for everyone who hopes to find out more about Old_Town_Alexanria and neighboring areas. The Guide to Real Estate compiles facts about what has sold and what is for sale, and a couple of compelling facts that you may not know. And, our Guide highlights quite a few of the assets of living in Old_Town_Alexanria. Of course, most of this is helpful for buyers and sellers, but real estate investors and tenants should also find this data to be very sobering.
More Information
If you've never employed a rental property management company in Old_Town_Alexanria before, you will want to know as much as possible about management and what rental property management companies actually 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.