Are you thinking of renting an apartment in Arlington?
Well, whether you want to rent alone or with a roommate, it’s best to get in touch with your local real estate agent ASAP. Real estate agents make it their business to know what’s going on in the housing markets they work in. Most people think that they would only need a real estate agent when they are selling or buying a home. But, renting a home also requires a market knowledge that only a real estate agent can provide.
If you have recently purchased some real estate for investment purposes, you are in good company. Recent reports suggest that as many as 25% of these purchases are made by those who plan on using the property for investment purposes only. If you hope to “flip” the property there are 4 things you must be aware of that can put a crimp on your profits.Continue reading
Property management is a business in and of itself. If you want to invest in real estate, but you don’t want to be a property manager, the solution is really quite simple: employ the services of Nesbitt Realty. Our family-run business is experienced with managing the day-to-day operations of properties just like yours. We manage residential properties including homes, condos and townhouses.
A big value-add provided by your Nesbitt Realty property manager is “separation”. This to say, your Nesbitt Realty property manager maintains a level of separation between the landlord and the tenants and the property. As you may already know, it’s important to invest in real estate without emotionally investing in tenants or property. Your Nesbitt Realty property manager helps ensure that you always make the best decision for your family, rather than making the best decision for the tenant’s family.
So, your Nesbitt Realty rental property manager serves as a buffer between the owner and his tenants. Nesbitt Realty can help you find tenants, handling repair projects and maintenance, oversee improvements, collect rent, and even pay some expenses and taxes. The specific tasks we handle vary based upon upon the needs and wishes of the property owner. Additionally, a competent Nesbitt Realty property manager gives you protection from certain liabilities.
Nesbitt Realty usually charges a percentage of the rents collected. Every aspect of Nesbitt Realty property manager’s responsibilities will be outlined in a contract signed by both Nesbitt Realty and the landlord. This agreement details financial responsibilities and specifies the types of financial reports the landlord can expect.
Your Nesbitt Realty property manager will stay current on new laws and condo regulations which may be relevant to your situation. Nesbitt Realty Property Management takes a lot of the burden off of owning rental real estate.
Julie Nesbitt knows the back trails and by-ways of Northern Virginia real estate.
We played a game at the office this Sunday. Lots of fun. Sincerely, Will Nesbitt Principal Broker Nesbitt RealtyAlexandria VA licensed in the Commonwealth of Virginia and the State of Maryland 703 765 0300 (main) 571 237 7902 (direct)888 783 6391 (fax) ——– Original Message ——– Subject: The Empire Strikes Back Pictures From: [email protected]…
Fort Belvoir relocations call Nesbitt Realty (703) 765 0300 for buying, selling, renting, and property management of Real Estate in Northern Virginia. Fort Belvoir relocations, there is lots of places to live: condos, townhouses, homes; each with variety in architecture, landscaping, affordability, and many other factors. Real Estate in Northern Virginia boasts many diverse neighborhoods, w/ garage, suburbs, metropolitan, walkables, water oriented, bank owned, etc. Buyers, sellers, renters, and landlords looking to acquire property management, dial (703) 765 0300 for Nesbitt Realty.
An increasingly common scam involves crooks posing as landlords for property they don’t own, taking a deposit from hopeful would-be tenants and then disappearing into the night with the money.
The Associated Press reports that Adam Christianson, sheriff of Stanislaus County, says “What you have is primarily young, unsuspecting victims who truly believe they’re entering into a legitimate rental agreement. Before you know it, the real [property manager] shows up and says `Why are you here?’ Then they’re out on the street, and also out the money for first and last month’s rent and deposit.”
One of the best way’s to avoid being scammed is to use a rental agent.
Why Buy a Home?
According to a new realtor.com® survey of more than 1,000 home shoppers, increasing rental costs are pushing more young adults toward homeownership, with 23 percent of buyers between the ages of 18 and 34 reporting rising rents as a trigger for their recent home purchase. “Although record-low inventory and high prices make this housing market unique, some classic features still top most shoppers’ wishlists,” says Danielle Hale, chief economist for realtor.com®. “At the same time, we found some clear differences in priorities. For instance, older buyers are concerned with privacy and being able to age comfortably, while millennials place more emphasis on family needs, stability, and personal expression.”
For more information or to set up an appointment call Stuart at (703)765-0300.
Recently a person pretending to be a rental applicant tried to run a scam on a property we manage. They hoped to scam the landlord and Nesbitt Realty. With increasing reports of real estate scams worldwide, here are some ways you too can avoid being caught up in fraud.
Make sure all parties are who they say they are. Have an out-of-state party provide a photocopy of their driver’s license or passport that has been notarized. If someone alleges to represent an embassy or a large corporation, afford them no less due diligence that you would any other renter or buyer.
Verify signatures. Compare the signature on the real estate contract to other signatures on their driver’s license, passport, the original sales contract, etc.
Double-check the documentation. Make sure none of the documents have been altered. Inspect originals whenever possible. Get certified copies from a title company.
You select the professionals. Require the out-of-town party to use a real estate professional, attorney, or title company of your choosing.
Require a face-to-face meeting. The safest way to ensure that they are who they say they are is to require that they show up at closing.
Rely on the professionals. If it all possible, don’t do it yourself. Let a brokerage like Nesbitt Realty handle all the details.
Are You in Need of a Property Manager?
There are many advantages to hiring a property management company; however, there is also an expense associated with hiring a property manager. In addition to the cost attached to property management, there are also other reasons why property management may not be suitable for your needs. There are factors to consider in order to determine whether hiring a property management company is ideal for you.
Ask yourself these questions as they will be helpful in determining whether there is a possibility that you need the services of Nesbitt Realty.
Will you be living and working in the vicinity of your rental property? Northern Virginia is a very transient area. We have more than our share of military, diplomats, State Department, political appointees, and academia. If you are being transferred across the country or halfway across the globe, it may be a good idea to have a professional organization manage your rental property. Simple tasks may become complicated very quickly when you are not present to manage the details.
Are you interested in handling all details of property management? There are some landlords who look forward to the challenge of finding good tenants. Other landlords are of the opinion that maintaining a property and managing the details are rewarding, and they enjoy taking late night calls. On the contrary, if you think rental property ownership is laborious and want little or nothing to do with the everyday management of your properties, you may consider hiring a property management company to manage your property.
How full is your schedule? As rewarding as hands-on management is, you may not have much time to devote to your property management business. If you already have a full plate, then the last thing that you look forward to doing is nonstop worrying. Thus, hiring a property management company may be one of the best financial investments that you have made.
Is the cost affordable? We will be honest. If you are considering hiring a property management company, it will be a much more attractive option if you are able to afford it. If monthly cash-flow is not an issue, you will prefer to save money by paying a property manager and writing off the expense. However, if at the end of every month cash is not readily available, you may not want to hire a property manager.
Can you afford the risk? Do you understand the Virginia Residential Landlord Tenant Act? Do you know what are the tenant’s rights? Do you know what are your responsibilities as a landlord? The more you familiarize yourself with property management in today’s litigious culture, the more you will understand the value of having a professional who is always available to handle your matters.
Do you have easy access to a network of maintenance people? All properties require maintenance. When your tenant calls you because the property is in need of repair, will you know whom to call and what to do in a timely manner? If not, you may want to consider hiring a property manager.