What do property management companies in Falls Church do?
If this is your first-time looking at hiring a rental property manager, you may want to learn more about what exactly rental property management companies do. If this handy reference doesn't answer all your questions, we're always happy to provide more information.
Nesbitt Realty deposits rents into an escrow account and from that account we disburse funds to pay bills, income to the property owner and fees to the property management company.
Nesbitt Realty keeps a record of all income and receipts. 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, your manager will deal with HOA/COA. If your renter has violated HOA/COA covenants, we give written notice to your tenant and take steps to put your tenant 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 maintenance personnel when needed. We aim to have work done in a timely manner at a price and quality satisfactory to the real estate investor.
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 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 understand more about the local real estate market?
Our Guide to Real Estate is a free resource for anyone who wants to investigate real estate facts about Falls Church and nearby communities. The Guide to Real Estate provides information regarding what has sold and what is for sale, as well as a few shocking facts that you might not know. Also, our Guide spotlights quite a few of the fundamentals of life in Falls Church. Of course, all of this is helpful for buyers and sellers, but owners and tenants will likely also find the facts to be very enlightening.
If you've never contracted with a property manager in Falls Church before, you will want to understand as much as possible about the process 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.