What do property management companies in Manassas do?
If this is your first-time looking at hiring a rental property manager, you might want to understand more about what exactly property management companies do. If this 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 rental property management company.
Nesbitt Realty keeps a record of all money 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, we deal with homeowner's association (or condo association). If the tenant is in violation of HOA/COA covenants, we give written notice to the 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 Manassas 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 prompt manner at a price and quality satisfactory 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 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.
Manassas Rental Management Resources
Do you need understand more about the area?
Our Guide to Real Estate is a handy tool for anyone who needs to learn more about Manassas and surrounding areas. The Guide to Real Estate compiles information about what has sold and what is currently listed, and a few compelling facts that you may not know. Also, our Guide spotlights quite a few of the elements of living in Manassas. Of course, all of this is helpful for buyers and sellers, but property owners and tenants will likely also find these tools to be very informative.
If you've never contracted with a rental property management company in Manassas before, you may want to know as much as possible about management and what rental property managers really 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.