What do property managers in Falls Church do?
If this is your first-time hiring a property management company, you should want to know more about what exactly property managers do. If this reference doesn't answer all your questions, we're always eager to help.
Nesbitt Realty deposits funds from rent 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 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 HOA/COA. If the tenant has violated homeowner or condo association rules, we give written notice to the 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 Falls Church ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches handymen when required. We aim to get work done in a prompt fashion at a price and quality acceptable to the landlord.
Nesbitt Realty inspects the property at the time of move-in at the time of move-out and from time-to-time while the lease is active.
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.
What makes us different from other property managers in Falls Church
Falls Church Property Management Resources
Do you need understand more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who hopes to investigate real estate facts about Falls Church and surrounding areas. The Guide to Real Estate compiles facts regarding what has sold and what is currently listed, and some compelling facts that you may not know. Not to mention, our Guide features some elements of life in Falls Church. Certainly, all of this is useful for buyers and sellers, but property owners and renters should also find these tools to be somewhat useful.
If you've never contracted with a property manager in Falls Church before, you will want to know as much as possible about the process and what 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.