Property Management 101

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 property managers are experienced individuals who will manage the day-to-day operations of your property. We manage residential properties, multi-family properties and even homeowners and condo associations.
property managment
Amin & Will in Lowes
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. Nesbitt Realty Property Management also handles commercial properties such as office buildings, freeing the owners from the day to day responsibilities. Additionally, a competent Nesbitt Realty property manager gives you protection from certain liabilities.
Julie
Crunch-time processing rents!
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. Most Nesbitt Realty property managers are themselves landlords. They know your needs. The best part of having Nesbitt Realty as a property manager is that it offers 'separation'. What this means is that your Nesbitt Realty property manager maintains a certain level of separation amongst the landlord, the tenants, and the property. It is common knowledge how very important it is to invest in real estate without being emotionally invested in tenants or property. You will be assigned a Nesbitt Realty property manager who ensures that you make every effort to make the best decision for both you and your family. Your Nesbitt Realty rental property manager is similar to a buffer between the landlord and his tenants. Nesbitt Realty is very capable of finding you tenants, dealing with repair projects and property maintenance, overseeing improvements, collecting rent, and even paying some expenses and taxes. We deal with specific tasks in accordance to the wants and needs of the property owner. Furthermore, having a competent Nesbitt Realty property manager handle your affairs ensures that you are protected from certain liabilities. [Find out more about our property management services for landlords.] Our real estate professionals are grateful for the chance to be of assistance. Thank you for considering us to complete the task.  
Julie and Will Nesbitt pause from property management to take a quick picture.
Julie and Will Nesbitt pause from property management to take a quick picture.
For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.

How to Avoid Being Part of a Real Estate Scam

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.
    Will Nesbitt
    Will Nesbitt is the principal broker of Nesbitt Realty.
  • 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.
Did you know that a landlord is required by law to make a reasonable accommodation for a tenant with a disability?  What is a reasonable accommodation? What is the definition of a disabled person? Are you required to install grab bars?  Are you required to admit comfort animals into your property? What sort of confirmation can you legally request? Understanding how to implement the Fair Housing Law is just one of the areas of expertise that Nesbitt Realty remains apprised of.  We know the answers to these questions, and we know how to handle the issues while accommodating the tenant and protecting the landlord in {Location_Name}. Learn more about our property management. Nesbitt Realty is a mom-and-pop real estate shop! For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.  

What Services Do Property Managers Perform?

Julie Nesbitt
Julie Nesbitt
Property managers work for landlords to manage the day to day operations of rental properties.
  • Lease Administration  --- Nesbitt Realty will prepare your lease, find and screen tenants.
  • Rental Servicing ---There are a lot of annoying details that landlords must deal with: unless they have a property manager. Our team handles billing, collecting, processing and servicing your rental accounts, staying on top of your cash flow.
  • Rate Analysis --- Nesbitt Realty will analyze the market and find the rental rates that will make you the most money.
  • Building Maintenance --- Nesbitt Realty keeps your properties in top operating order.
  • Marketing --- Our strategy is designed to keep your occupancy and tenant retention rates at maximum efficiency.
  • Vendor Negotiations --- We only deal with reputable handymen, landscapers, appliance repairmen and service people. We'll negotiate you best deal and keep your rental operating smoothly.
  • Compliance with Fair Housing Laws --- We also provide all necessary legal disclosures and disclaimers.
    principal broker Will Nesbitt
    Will Nesbitt
If you are a landlord, then you need a company you can trust to handle your operational responsibilities. Nesbitt Realty and Condo Alexandria have the experience you want in your property manager. Will has been a landlord for over 20 years and is a full service broker trained in property management. Nesbitt Realty and Condo Alexandria offers full service management for condos, townhouses and single family residential properties. Condo Alexandria is dedicated to maximizing your profits without sacrificing on service.
  • Julie Nesbitt

    Julie Nesbitt
    Julie Nesbitt knows the back trails and by-ways of Northern Virginia real estate.

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  • Enjoying Winkler Botanical Preserve

    We had a great time walking the trails. 

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  • Don’t take chances with real estate.

  • REDUCED: 7202 Churchill Rd, McLean

    Open House, Sunday, 1-4 BIG PRICE DROP! 7202 CHURCHILL ROADMcLean, VA 221016 Bedrooms5.5 Bathrooms6,752 SF $1,695,000

    Read More

  • Good Shepherd Housing and Family Services

    Fairfax County
    Established in 1974 with a mission to reduce homelessness, increase community support and promote self sufficiency, the Good Shepherd Housing and Family Services is operated by a multi-denominational board of directors and staff managing over 70 housing units. Good Shepherd Housing and Family Services is located in the Mount Zephyr Business Center at 8305 Richmond…

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Commonwealth of Virginia caps Application Fee for Tenants

MoneyThe Commonwealth of Virginia has passed HB 720 sponsored by G. Glenn Oder to address landlord and tenant with a definition of application fee, etc. and manner of serving notice to tenants. This new law adds, among other things, a definition of "application fee." Application fees are now capped at the fee at $50, and provides that such fee is nonrefundable. The bill also defines "written notice" as notice, including any representation of words, letters, symbols, numbers, or figures, whether (i) printed in or inscribed on a tangible medium or (ii) stored in an electronic form or other medium, retrievable in a perceivable form, and regardless of whether an electronic signature is affixed. In other words, landlords and tenants can now give legal notice via email, Facebook or other electronic media, even without an electronic signature. In cases where a tenant pays rent with a bad check, the bill also allows a landlord to seek an award of costs or attorney fees or the lesser of $250 or three times the amount of the bad check, draft or order as part of the damages requested on an unlawful detainer action, provided the landlord has given notice. The bill allows such notice to be included in the five-day termination notice at the option of the landlord. The bill contains specific provisions if the dwelling unit is a public housing unit or other housing unit subject to regulation by the Department of Housing and Urban Development. Our Renters  Resource Page will answer common questions like:
  • Who is a Rental Agent?
  • What is the cost of hiring a Rental Agent?
  • Which areas do you serve?
  • Where may I search for homes?
Do you have a maintenance issue to report? Read answers, renting tips, & more!

Introduction to Property Management

sunrooms
Carlyle Towers is one of many locations where Nesbitt Realty currently manages rental units.
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 property managers are experienced individuals who will manage the day-to-day operations of your property. We manage residential properties, multi-family properties and even homeowners and condo associations. 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. Nesbitt Realty Property Management also handles commercial properties such as office buildings, freeing the owners from the day to day responsibilities. 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. Most Nesbitt Realty property managers are themselves landlords. They know your needs.
We manage townhouses, houses and condos.
This lovely kitchen is in Woodbridge in close proximity to Wegmans at Potomac Branch.

Das Best Oktoberfest 2012

Das Best Oktoberfest 2012 took place at National Harbor in Maryland. The Oktoberfest featured all you can drink tickets as well as designated driver tickets. The event had several tents with a variety of business vendors. Das Best Oktoberfest featured live music at three different stages. The event lasted two days. The event attracted a large crowd on both days. National Harbor is a popular venue throughout the year. National Harbor is close to the Woodrow Wilson Bridge.