What do property management companies in Fairfax Station do?
If this is your first-time hiring a rental property management company, you may want to know more about what exactly property management companies do. If this free reference doesn't answer all your questions, we're always eager to provide more information.
Collect Rents
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 manager.
Keep Records
Nesbitt Realty keeps an accounting of all income and receipts. 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, your manager will deal with HOA/COA. If your renter is in violation of homeowner's association (or condo association) rules, we provide official notice to your renter and take steps to put your 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 Station ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Handle Repairs
Nesbitt Realty manages and dispatches handymen as needed. We strive to have work done in a prompt fashion at a price and quality satisfactory to the property owner.
Inspections
Nesbitt Realty inspects the property 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.
Our Differentiators
What makes us different from other property managers in Fairfax Station
Fairfax Station Rental Management Resources
Basics
Basic info regarding rental managment in Fairfax Station.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Fairfax Station fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of property management services in Fairfax Station
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
Clients
Who uses Nesbitt Realty management services?
Do you want know more about the area?
Our Guide to Real Estate is a handy resource for anyone who hopes to find out more about Fairfax Station and nearby areas. The Guide to Real Estate compiles data regarding what has sold and what is for sale, and a couple of shocking facts that you might not know. Not to mention, our Guide has many of the assets of residing in Fairfax Station. Yes, most of this is interesting for purchasers and sellers, but owners and tenants may also find these tools to be very informative.
More Information
If you've never employed a property manager in Fairfax Station before, you should want to know as much as possible about the process 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.