What do rental property management companies in Fairfax County do?
If this is your first-time considering hiring a rental property manager, you might want to understand more about what exactly property management companies do. If this quick reference doesn't answer all your questions, we're always will 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 rental property manager.
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's association (or condo association). If your renter has violated HOA/COA rules, we give official notice to the renter 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 handymen when needed. We try to get work done in a timely manner at a price and quality acceptable to the landlord.
Nesbitt Realty inspects the rental 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 Rental Management Resources
Do you need know more about the community?
Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who hopes to review important real estate information about Fairfax County and neighboring areas. The Guide to Real Estate has facts regarding what has sold and what is for sale, as well as some shocking facts that you may not know. Furthermore, our Guide features quite a few of the assets of residing in Fairfax County. Certainly, most of this is helpful for buyers and sellers, but owners and tenants may also find this data to be quite edifying.
If you've never hired a property management company in Fairfax County before, you will want to understand as much as possible about management and what property management companies 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.