What do property managers in Fairfax County do?
If this is your first-time hiring a property management company, you may want to know more about what exactly rental property management companies do. If this reference doesn't answer all your questions, we're always eager to provide more information.
Nesbitt Realty deposits rents into an escrow account and from that account we disburse funds to pay bills, income to the landlord and fees to the property manager.
Nesbitt Realty keeps a record of all money and payables. We send monthly statements to the landlord 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, we deal with HOA/COA. If the tenant has violated homeowner's association (or condo association) covenants, we provide official notice to the tenant and take steps to put your 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 County ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches maintenance personnel when needed. We aim to have work done in a prompt 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 during tenancy.
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.
Fairfax County Property Management Resources
Should you know more about the local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who needs to learn more about Fairfax County and nearby communities. The Guide to Real Estate has information about what has sold and what is on the market, and a few interesting facts that you might not know. Not to mention, our Guide spotlights quite a few of the elements of life in Fairfax County. Definitely, all of this is helpful for buyers and sellers, but property owners and tenants should also find these resources to be somewhat enlightening.
If you've never contracted with a property manager in Fairfax County before, you should want to learn as much as possible about the process and what rental property management companies actually 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.