What do rental property management companies in Fairfax do?
If this is your first-time hiring a rental property manager, you might want to learn more about what exactly property managers do. If this free reference doesn't answer all your questions, we're always eager to help.
Nesbitt Realty puts 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 property manager.
Nesbitt Realty keeps a record 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 HOA/COA. If your renter is in violation of HOA/COA covenants, we give notice to the renter and take steps to put the renter in compliance. We keep you apprised of notices and necessary actions.
Nesbitt Realty ensures that your rental property complies with state laws, local Fairfax ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches handymen when required. We aim to get work done in a timely manner at a price and quality satisfactory to the real estate investor.
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.
Fairfax Rental Management Resources
Should you know more about this community?
Our Guide to Real Estate is a helpful tool for anyone who hopes to learn more about Fairfax and nearby communities. The Guide to Real Estate includes data regarding what has sold and what is for sale, and a few surprising facts that you might not be aware of. Not to mention, our Guide highlights quite a few of the aspects of life in Fairfax. As might be expected, all of this is useful for purchasers and sellers, but landlords and renters should also find this information to be very informative.
If you've never used a property management company in Fairfax before, you will want to understand as much as possible about the process and what property managers really 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.