Writing leases is one of the most crucial aspects of the successful rental management of a rental dwelling in 22314.
We know that, you’re probably already aware that all of our leases are in writing. The rental contract Nesbitt Realty uses was written by staff attorneys at the Northern Virginia Association of Realtors. Our local brokerage just changes details like the association information, the dates and so forth.
Leases generally have an one-year term. Longer leases are rarely approved and only after discussions with the owner. With the owner’s approval—especially during slower rental periods—Nesbitt Realty and Management makes rental contracts for less than one year. Most usually landlords accept longer or shorter leases to have the lease expire during a more active rental period. Nesbitt Realty will every now and then work to place a tenant on a month-to-month or short-term lease to accommodate sale of the home by the landlord, a renter’s pending departure, or moving the rental into a more active rental period.
For a complete break-down our process, contact Nesbitt Realty or read more here
. Nesbitt also acquires renters through government organizations and other methods. To learn more about the full-list of what we do, talk to an agent today. Nesbitt Realty is fully authorized to manage rental in Virginia, and we have all necessary licenses and accreditation.
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$2,850 |~| 2 BR |~| 2 BA |~| 0 HB |~| Alexandria VA
Is Hiring a Property Manager for You?
Although hiring a property management company has many advantages, there is a cost associated with hiring a property manager. In addition to the expense of property management, there are other reasons why property management may not be for you. Consider the following factors to determine if hiring a property management company would be a good decision for your property.
Ask yourself these questions to be able to make an informed decision:
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- Will you live and work near your rental property? Northern Virginia is a very transient area. We have more than our share of military, diplomats, State Department, political appointees, and academia. If you’re getting transferred across the country or around the world, it might be a good idea to let a professional manage your rental. Even simple tasks get complicated very quickly when you aren’t around to manage the details.
- Do you want to handle the details of property management? Some landlords look forward to the challenge of finding good tenants. Some landlords find that maintaining a property and managing details is rewarding and enjoy taking late night calls. On the other hand, if you think rental property ownership is a chore and want little or nothing to do with the day-to-day management of your properties, you should probably consider hiring help to manage your property.
- How busy are you? Even if you find hands-on management rewarding, you may not have much time to devote to your property management business. If you already have a full-plate, then the last thing you need is more to worry about, thus; the hiring of a management company may be an excellent idea when investing your hard-earned money.
- Can you afford the cost? Let’s face it. Hiring a property management company is a much more attractive option if you can afford it. If monthly cash-flow is not an issue, you’ll likely save money by paying a property manager and writing off the expense. If at the end of every month cash is tight, however, you may not want to hire a property manager.
- Can you afford the risk? Are you familiar with the Virginia Residential Landlord Tenant Act? Are you aware of what are tenants’ rights? Do you know your responsibilities? The more you know about property management in today’s litigious culture, the more you’ll understand the value of having a professional in your corner.
- Do you have access to a network of maintenance people? All properties require maintenance. When your tenant calls you in need of repair will you know who to call and what to do in a timely fashion? If not, you may want to consider hiring a property manager.