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.
Renting may not be the same level of commitment as buying, but it is still a commitment; and it is important to make the best possible choice. Signing on the dotted line means that you are committing to a property for a defined period of time. Before you sign a rental agreement it is important to consider all your options.
You need to decide whether the property meets your requirements. Is it within your budget? Is it big enough? Is it in the right area? And does it offer you the lifestyle that you are looking for? These are all questions that you need to answer before you sign a lease. A lease is more flexible than buying, but it is important to remember that you are still committing to renting the property for a certain time period.
It is best to look at a number of properties and consider all your options before making a final decision. However, the sheer number of properties out there may make the process quite daunting. A good Rental Agent can help you narrow down your choices, so that you are able to choose the property that best suits your needs.
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.
If you have never had a property manager before, you are probably curious and would like to learn about the roles and functions of property managers and what type of impact having one designated to you will have on you business affairs. The scope of a property manager is wide, and a property manager strives to:
Collect rental fees. Each sum of money received is placed in an escrow account. Funds are disbursed for the payment of bills, income to the landlord, and the property management company fees.
Maintain accurate records of funds, receipts, and expenditures; and regularly furnish these records to respective landlords.
Handle all matters with HOA/COA.
Manage all tenant relations which include maintenance requests and late fee notices. Deal with a laundry list of tenant problems such as unauthorized guests, unauthorized pets, parking issues, tenant cleanliness, noise violations, neighbor complaints, and the list goes on. We also manage the process of prosecuting actions to evict tenants on an as-needed basis.
Ensure compliance with state laws, local ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, and IRS requirements.
Manage and dispatch handymen when necessary.
Inspect the property periodically: at the time of move-in, move-out, and frequently during tenancy.
Generally, money does not flow from the landlord to the property manager or from the tenant to the landlord; but it flows from the tenant to the property manager to the landlord. Fees and commissions are withheld upon collection of rental fees.
Our agreements are standardized and its duration is a one-year period; however, either party may terminate the agreement at the end of a 30-day notice.
If you are interested in learning more, you may want to find out what differentiates Nesbitt Realty from other property managers.