What services does Nesbitt Realty provide for landlords?

For more than a decade, Nesbitt Realty has worked alongside the biggest names in the real estate businesses carving out a niche serving buyers, sellers, renters and landlords in Northern Virgina. Nesbitt Realty has consistently rated as one of the top companies in terms of customer satisfaction. Along the way, Nesbitt Realty has also become know for providing some of the best in property management in Northern Virginia.

Experienced and seasoned, Nesbitt Realty has refined an affordable and dependable approach to property management. Principal Broker Will Nesbitt and his wife, Realtor Julie Nesbitt, have developed systems in property management for:

• Rental market awareness
• Rental application processing
• Maintaining and improving homes and condos
• Dealing with association issues when they arise.
• Property inspections
• Practicing thrifty approaches to address tenant needs and demands
• Consistent and reliable disbursement of rental income to our landlords
• Preparation of IRS Form 1099 at the end of the tax year
• Handling property management emergencies
• Avoiding property management emergencies

Nesbitt Realty also helps landlords with buying and selling real estate when needed. We can help landlords maximize their investments by selling when it makes sense and buying cash-flow positive properties that earn money for investors.

If you've never used a property manager before, you'll probably want to learn as much as possible about the process and what exactly property managers do. In the broadest sense, here's what all property managers do (or promise to do):

1. Collect the rents. Put the rents into an escrow account. Disburse funds to pay bills, income to the landlord and fees to the property management company.
2. Keep a record of all money and receipts and furnish that record on a regular basis to the landlord.
3. Deal with HOA/COA.
4. Manage tenant relations including maintenance requests, late fee notices. 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.
5. Ensure compliance with state laws, local ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, and IRS requirements.
6. Manage and dispatch handymen as needed.
7. Inspect the property at the time of move-in, at the time of move-out, and from time-to-time during tenancy.

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. Our standard agreement is a one year term, but either party can terminate the arrangement with 30 days notice. The next step is to learn a little more about what differentiates us from other property managers. [Learn more about our property management services now.]   For purchasing, selling, renting, and property management, consider Nesbitt Realty.

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About the Author --- Aubrey Nesbitt is a native of Northern Virginia who attended Virginia Commonwealth University. He is a veteran of the US Army and helps his family business by providing informational articles like this one. In addition to photography and blogging, Aubrey provides administrative support for the office.