4 Steps To Real Estate Investing Success!

Real estate investing is always good and sometimes it's red hot. When it's hot dozens of real estate seminars begin rolling across the country and thousands of people spend thousands of dollars for investing education. It's startling to learn that of all those thousands of eager folks who attend these seminars only about 5% buy even one investment house. Why? The real estate gurus sell the "sizzle" and make profiting from real estate sound easy. The truth is that it's simple, but not easy. Continue reading

Inlet Cove is near Fort Belvoir and Potomac Mills

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  1. Inlet Cove is alongside Route 1
  2. This neighborhood of townhouses is near grocers and eateries
  3. Inlet Cove is close to Fort Belvoir, Alexandria, and Potomac Mills shops, in the city of Woodbridge
  4. Interior to these properties are multilevel
  5. Inlet Cove is serene

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comfortable shopping? got what you are looking for? Nesbitt Realty buying, selling, renting, and property management in Northern VA (703) 765 0300
comfortable shopping with the United States armed forces? got what you are looking for? Nesbitt Realty buying, selling, renting, and property management in Northern VA (703) 765 0300

Renting Unsold Property May Be a Good Move

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. We appreciate the opportunity of serving you, we and thank you for considering us in the management of your rental property in {Location_Name}.  Our promise is that we offer you our best effort every single day as we strive for perfection. On those very rare occasions when we make a mistake, we move swiftly to correct our errors and make the damaged party whole. Learn more about what we do and the services we provide. Nesbitt Realty will be with you throughout the home buying process, from the moment you start your search until the moment you close, and for any assistance thereafter.   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.  

What Do Property Managers Do?

Property managers can come in the form of a person or a company. Either way, what they do can be simply summarized as: getting paid to oversee a real estate property on behalf of the owner. The responsibilities of a property manager include (as applicable) dealing with the property’s tenants, facilitating repairs or improvements necessary for homes, assuring overall cleanliness and general maintenance of the property, landscaping, etc. This is, of course, in line with any arrangements the property manager has agreed upon with the owner.
property managment
Amin & Will in Lowes
It is possible for a property manager to handle multiple properties and interface with several owners. Services offered may also differ depending on the type of property and what was initially agreed upon with the owner. For example, in the case of vacation homes, which are only periodically occupied, greater security measures may have to be employed by the property manager. The property manager must also be certain that everything is in place and ready whenever the owner comes over for vacation. There are also cases when the property manager is tasked to handle a commercial property, wherein one of the requirements is to operate the business (if the manager is qualified) as well as managing the property itself. For a property manager to be effective, he or she must be able to maintain a good relationship not only with the owner of the property but also the tenants. This should be done on top of the core duty of maintaining, beautifying and keeping in order the real estate property. With the right property manager, owners can rest assured that their properties are in good hands and tenants can enjoy the satisfaction of living in a secure, well-maintained and beautiful home. 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 the needs and wishes of the property owner. Additionally, a competent Nesbitt Realty property manager gives you protection from certain liabilities. [Find out more about our property management services for landlords] A family-run real estate company, Nesbitt Realty is situated in the center of Northern Virginia.    

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For more information or to set up an appointment call Stuart at (703)765-0300.

Blizzard photos of Real Estate in Bucknell Manor, Belle View, and Belle Haven

The blizzard snow lasted about a week. It hit its climax on about day 3. Many roads built up with caked snow. In Bucknell Manor, nearby stores remained open during the inclement weather. Interested in buying, selling, renting, or property management of Real Estate in Northern Virginia? Call Nesbitt Realty today at (703) 765 0300.

Walmart and Costco shopping during 2016 blizzard

The blizzard was in effect and my parents took me to Costco and Walmart for groceries and other products. It is so very nice having everything I needed provided for me. I remember purchasing a vast array of essentials. Will and Julie Nesbitt, get me to the stores and make it so easy, to sit at home and wait for the weather to pass and the work week to pick up again, which it already has and now the roads are back to the way they were, and the side walks still have some snow melting and snow shoveling to be done. The groceries in the nick of time, was awesome strolling through the entire whole sale store and including a quick dash to Walmart, calm and collecting many much needed items for my inventory.

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Watch for sneaky tenants!

Landlord Eddie Shiew  says “I found they had turned a three-bedroom into a 10-bedroom apartment.” Shiew says that the tenants used sheetrock and divided each of the three bedrooms into three smaller bedrooms! The tenants were hoping to cash in on leasing out the extra rooms on airnb.com. The tenants were listing the rooms for rent. Two tourists, for example, reportedly were paying $35 per night for a room on the third floor. Once the landlord discovered what was going on, he brought in a construction crew to tear down the renovations and evicted the tenants. The two tenants, however -- Burak Firik and Dogan Kimilli who were renting the apartment for $2,500 a month – took Shiew to court! “They went to court and got a court order against me, “ Shiew told FOX News.  “They said I illegally locked them out.” A judge ordered that Firik and Kimilli be allowed back inside the apartment. They have not done any more renovations but they are creating spaces to rent on airnb and using curtains as room dividers. Shiew has hired an attorney and is trying to evict them. He claims the two men violated the terms of the lease, which does not allow any repairs or alterations on the premises without the consent of the landlord. Firik denied to the media of doing any renovations to the apartment. He says he and Kimilli live in the apartment.

Tips for Landlords

  • The best way out of a situation like this is to avoid a situation like this.  Very careful tenant screening minimizes the chances of this happening.
  • Have the right lease.  If your lease isn't written with the right language you may find there is nothing you can do.
  • Have regular inspections of the property so you know about modifications before they are completed.
Source: “Landlord Claims Tenants Illegally Turned Three-Bedroom Apartment Into 10 Bedrooms,” FOX6Now.com (Dec. 10, 2015)

Words that can terrify a Landlord . . .

Troublesome tenants create a lot of work for us as property managers, but I am thankful for them because if there were never any problems there would never be a need for property managers. Tenants sometimes say and write things that can be terrifying to a landlord. Take a look this, an actual maintenance request from a tenant.

Our kitchen sink faucet has not been fully functional since May 2015 (sent August 2015). Two plumber visits later, there is still no viable solution. There are two settings on the faucet, normal and high powered spray. The faucet is stuck on the high powered spray function. Therefore, we cannot wash food or dishes without the water either spraying all over the kitchen floor and counter tops or we have to adjust the pressure so low, cooking and cleaning is horribly ineffective. Further, we have a newborn due on Monday and this is the only sink we can wash her in. We will not be able to bath our child using this sink faucet. This needs to be fixed immediately please. Thank you.

Now, as Paul Harvey used to say . . . the rest of the story. According the the landlord the property was in serviceable condition but had a few minor problems that could be upgraded. (The sink was not one of them.)  The landlord agreed to rent the property at a below-market price if the tenant agreed to accept the condition of the property. We weren't managing the property at the time of lease, so I don't know exactly what was discussed between the tenant and the landlord. What I do know is that the property is under-priced for it's choice location and I know that it's an older home.  After the tenant moved in, the complaints began. It began as a small drip and then evolved into a steady flow of maintenance requests and demands for what the tenant alleges are necessary repairs. After losing money for months, eventually the landlord gave up and handed the account to us. The first thing we did was go back the lease: the document that everyone signed and agreed to.  If the lease does not allow for upgrades, we can not allow for upgrades. Of course, we will manage repairs when a system fails. For example, if (as the tenant complains above) the faucet stops working, then we will fix the faucet. For this particular tenant, we sent a maintenance man over to look at several alleged problems. He determined that the faucet was perfectly functional and the issue was that the style of the faucet did not provide the functionality or look desired by the tenant.  We had no choice but to deny this maintenance request. The tenant responded:

In regard to the faulty kitchen faucet, I disagree and believe he is evading the obligation of a landlord according to the Virginia Residential Landlord and Tenant Act. Conditions of the faucet have worsened. There are now three separate streams that spray horizontally onto the counter. Aside from making a huge mess, it poses an electric risk to any sockets or appliances plugged in around the sink. The water is simply not going where it is supposed to go, in the sink. According to 55-248.13. Section A, 4, The landlord shall maintain in good and safe working order and condition all electrical, plumbing, sanitary, heating…..This plumbing issue is clearly not safe or in acceptable working order. Most manufacturers offer lifetime warranty. I don't understand why they cannot send a replacement head as part of the warranty. Whether it's Danny or the manufacturer, this should be addressed from a Legal perspective. Do you disagree?

Our reply was brief and business-like:
The agent and the plumber inspected the faucet at your home and determined that it was working exactly as it should at that time. It is possible that you have damaged the faucet and if so you will be responsible for the cost of fixing the faucet.  In the unlikely event that the faucet was defective and suddenly ceased operations without cause, then the landlord will pay for the cost of repairing / replacing the faucet. Whether the landlord exercises his options under a warranty or not is not your concern.
The tenant responded as follows:

I will be brief as I am caring for my one week old child. Your information is incorrect. The plumber visited twice and stated that it was not working properly, attempted to order a replacement part and on his second visit, stated that it should be replaced under the warranty. My landlord and I have his email recommendations if you need further evidence. Your agent may have disagreed, however, inspected two months ago, prior to the further decay. For you to suggest that I damaged the faucet is libel and inappropriate for you to say. This is an old home with many old appliances that are in poor shape. I attempted to clean the sprayer with a brush, thinking that the hard water had caused a blockage, but it did not help. It's not an unlikely event and I would appreciate it if you could get the facts first, help support and provide us with some kind of resolution rather than retaliate during these challenging times. Newborn babies are a lot of work and going back and forth on this is not the best use of my time.

This tenant is the perfect example of why a landlord needs a property manager. The tenant uses scary terms like "legal obligation" and "Virginia Residential Landlord Tenant Act" and "newborn babies" and "libel". All those words and others he uses are real hot-buttons for people. Fortunately, those words do not motivate someone who is experienced in property management as we already know and wish to adhere to all of our requirements under the law and under the lease. We're not going to lose our business over a faucet. But our business is about fighting for landlord's pennies. An experienced property manager knows to adhere to all the terms of the lease and knows to keep the property in top working order. The property manager knows the Virginia Residential Landlord Tenant Act better than any tenant, and it is our commitment to exceed the requirements of the VRLTA. At the same time, a property manager will not be bullied by tenants who throw around legal terms and claims without basis or in an improper fashion. It is our job to remain cool, detached and businesslike.

What is included in the price of Nesbitt Realty Property Management?

Aubrey Nesbitt
Aubrey Nesbitt
Here's an overview of what services Nesbitt Realty provides to landlords in Northern Virginia:
  • Realtor guided rental completions
  • Rent collection on time, always
  • Assessment of landlord tenant disputes
  • Tracking and management of maintenance issues
  • Evictions if needed
  • Bill payment of approved and required items on behalf of the landlord
  • Computerized accounting and monthly distribution owners' statements
  • Recorded filings of property related documents
  • Escrow management
Our business is focused on Alexandria, Arlington, Franconia and Springfield as well as Great Falls, Mclean, Vienna and Falls Church. We also manage several properties in Reston and Woodbridge.
Aubrey NesbittAbout 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.