What do rental property managers in Fairfax County do?
If this is your first-time looking at hiring a property manager, you may want to understand more about what exactly property management companies do. If this handy reference doesn't answer all your questions, we're always will to help.
Nesbitt Realty deposits 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 management company.
Nesbitt Realty keeps an accounting of all income and payables. 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, we deal with HOA/COA. If your renter has violated homeowner or condo association covenants, we give official notice to your tenant and take steps to put the renter in compliance. We keep you apprised of notices and required 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 strive to have work done in a prompt manner at a price and quality acceptable to the property owner.
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 real estate investor 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
Do you want know more about the local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who hopes to review important real estate information about Fairfax County and neighboring areas. The Guide to Real Estate compiles facts regarding what has sold and what is on the market, as well as many interesting facts that you may not know. Not to mention, our Guide spotlights quite a few of the assets of residing in Fairfax County. Yes, most of this is useful for purchasers and sellers, but real estate investors and renters will probably also find these resources to be somewhat edifying.
If you've never contracted with a property manager in Fairfax County before, you should want to learn 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.