What do rental property managers in Falls Church do?
If this is your first-time considering hiring a rental property manager, you may want to learn more about what exactly property managers do. If this reference doesn't answer all your questions, we're always will to help.
Nesbitt Realty puts funds from rent into an escrow account and from that account we disburse funds to pay bills, income to the landlord and fees to the rental property management company.
Nesbitt Realty keeps a record of all income and receipts. 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, we deal with homeowner's association (or condo association). If the tenant has violated HOA/COA covenants, we provide written notice to your renter and take steps to put the tenant in compliance. We keep you apprised of notices and necessary 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 maintenance personnel as needed. We try to get work done in a timely manner at a price and quality acceptable to the real estate investor.
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.
Falls Church Rental Management Resources
Should you know more about the community?
Our Guide to Real Estate is a handy resource for anyone who hopes to review important real estate information about Falls Church and neighboring areas. The Guide to Real Estate includes facts about what has sold and what is for sale, as well as a few interesting facts that you may not know. Furthermore, our Guide highlights some aspects of life in Falls Church. Definitely, most of this is interesting for buyers and sellers, but real estate investors and renters may also find these resources to be somewhat sobering.
If you've never employed a property manager in Falls Church before, you should want to know as much as possible about management and what rental property management companies actually do. Feel free to call and talk 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.