Home owners who can’t or don’t want to sell their homes in today’s market but must move should consider renting out the property.
Our agents at Nesbitt Realty are people-pleasers. That is to say, our purpose is making our clients happy in {Location_Name}. We enjoy saying "yes" and we look forward to solving problems. Simultaneously, our role as property managers requires that we maintain a strict adherence to the lease, the law, and other requirements. One of the great challenges of property management is informing tenants (and sometimes landlords) the normal practices of property management in the Commonwealth of Virginia. Fortunately, because we have years of experience in the field of property management, we're able to overcome numerous problems by avoiding pitfalls before they become problems.
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Nesbitt Realty has received numerous awards and recognitions for client satisfaction because we get results that make our clients happy.
Obtaining a professional property manager is a good first step. Professional property managers charge 7 percent to 10 percent of the monthly rent in many areas. Nesbitt Realty is often cheaper than our competitors.
Current rents may not be high enough to cover carrying charges, including mortgage, taxes, and insurance. Nevertheless, renting out the property may still make sense if property values rise in the next few years.
Offering a 12-month lease that converts to month-to-month is a good idea, if the owners are considering selling eventually. Include language in the lease that allows a real estate professional to show the home to potential buyers with 24 hours’ notice to tenants.
For more information or to set up an appointment call Julie at
(703)765-0300.
When you work with an Accredited Buyer's Representative you know that your rights are represented by a professional agent who is trained and experienced in handling the needs of buyers. There are four requirements which a real estate agent must meet to attain and use the ABR® designation:
