First-time using property management?

What do property managers in Fairfax do?

If this is your first-time hiring a rental property management company, you might want to know more about what exactly rental property managers 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 property owner and fees to the property management company.

Keep Records

Nesbitt Realty keeps a record of all money 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 or condo association. If your renter is in violation of homeowner or condo association rules, we give written notice to your tenant and take steps to put the tenant 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 Fairfax ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.

Handle Maintenance

Nesbitt Realty manages and dispatches handymen when needed. We strive to have work done in a timely fashion at a price and quality acceptable to the landlord.

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 tenant is occupying the property.

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

Basics

Fundamental info about what rental managment in Fairfax.

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Getting Started

Learn more about getting started with rental property management

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Find A Tenant

Market your property to rent to find a reliable renter in Fairfax 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 fees associated with rental management in Fairfax

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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 rental 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 manager now.

Email

There is a first-time for everyone.

Do you want know more about our area?

Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who needs to investigate real estate facts about Fairfax and surrounding communities.  The Guide to Real Estate includes information about what has sold and what is on the market, as well as some compelling facts that you might not know.  In addition, our Guide features some benefits of life in Fairfax.  As might be expected, all of this is interesting for purchasers and sellers, but rental investors and renters will likely also find this information to be very informative.

More Information

If you've never contracted with a property management company in Fairfax before, you may want to understand as much as possible about management and what rental property management companies really 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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