Top Great Falls Property Management Company

If you have decided to seek out property management services in Great Falls, VA, there are a few questions you will likely want answered. From initial evaluation to continuing oversight services, property management can seem daunting. Fortunately, we have the solution for all of your ongoing property management needs. 

Nomadic Real Estate is the ideal choice when you are looking for experienced, compassionate management service providers for residential or commercial properties.

great falls va

How Does Property Management Work?

When people think of property management, they often imagine rental services and representatives who act as the go-between for renters and the property owner. There are actually four unique steps to property management, however, beginning with the initial evaluation. 

Nomadic Real Estate takes an all-inclusive approach to these steps, ensuring that you are apprised of everything from the evaluation to ongoing management. 

Step 1: Evaluation

Our representatives do a full evaluation of your property and the area in which it is located well before your residential or business property is listed. We will use that process to determine the most competitive rental rates to ensure your investment is successful. There are many factors that go into this, but rest assured we will place a fair price on your property so you will receive the biggest return on investment.

Step 2: Inspection and Preparation

Nomadic Real Estate will handle the property inspection, scheduling, and process of working through any recommended repairs or upgrades. When this stage is complete, your property will be an attractive and appealing place for any future renters. As a bonus, Nomadic has established strong relationships with many artisans, builders, and contractors in the Great Falls area, so you always get the best price for any repairs or property upgrades.

Step 3: Marketing

We begin our marketing efforts as soon as your property is ready to go, starting with beautifully staged, professional photos. We will set up listings on various channels from social media to real estate websites, reaching hundreds of eligible renters in the Great Falls, VA area. We then discuss rental arrangements with prospective tenants and even run background checks to ensure your property gets the perfect tenant.

Step 4: Management

Your property is set and the lease is signed, but Nomadic doesn't stop there. We handle all routine property management services, from emergency repairs and rent collection to ongoing maintenance. Our mission is to keep you happy, and our customer-focused approach has created countless satisfied clients over the years.

Nomadic Property Management Features a Personal Touch

Nomadic Real Estate has 15 years of experience in property management. We pride ourselves on being 100% committed to our clients’ success, and our mission is to protect your investment — from start to finish. 

With Nomadic Real Estate as your property management company, you will never feel like a number. We treat each of our clients like family, and offer same-day response time, transparent communication, and zero upfront costs. Nomadic makes your real estate experience completely hassle-free through top-notch marketing, digitally focused data management to streamline your record-keeping, and more. 

What Great Falls homeowners are saying:

I’ve been trying to find a property management company I could trust for years and I finally stumbled across Nomadic. Jenna made sure that all the photos of my property were professional and that the floorplan looked great. Plus, she helped set up a virtual tour! Since then, I’ve had no worries about maintaining and managing the home I rent out. I can’t recommend these guys enough!

five star review
Peggy Mueller

This is the 2019 update of what I've been writing time and again: Nomadic is excellent, professional and efficient! Managing my property since 2013, Nomadic dealt with all situations with utmost care and efficacy. Be it time to find a new tenant, to fix an appliance or to prepare the property for a move in, Nomadic scores the highest. I'm fortunate to have Nomadic taking care of property, my life's savings. I count on Nomadic and it gives me peace of mind.

five star review
Eduardo Castro

Nomadic Tackles the Tough Issues

There are some difficult subjects that come up when renting residential or commercial real estate. Nomadic Real Estate offers complete conflict resolution services, including:

  • Tenant management
  • Protection from legal action
  • Emergency maintenance services
  • Compliance with all fair housing laws

Nomadic’s team is thoroughly educated on federal, state, and local Great Falls, VA property law. We promise to take the hassle and stress out of property management so that you can focus on enjoying your investment, rather than dwelling on the small details and issues that might come up. 

Property Owners in Great Falls Love Nomadic Real Estate

Whether you live in the heart of Great Falls, VA, or anywhere in Virginia, Maryland, or Washington, D.C., let Nomadic Real Estate go to work for you. We promise to always keep your interests at heart. Our website features many testimonials from satisfied customers who have enjoyed the experience of owning residential or commercial real estate due to Nomadic’s property management services. 

Although we have clients all over the world, we have never lost the personal approach that has made us the number one property management company in Great Falls. We know you have invested your time and money into your real estate venture, and we want you to thoroughly enjoy the process. We work hard to get you the greatest monthly cash flow with no stress to weigh you down. 

Now is the perfect time to get into the residential or commercial real estate business, and Nomadic Real Estate is standing by to help you with your investment.

Discover the Nomadic Difference

The Nomadic difference is just that — a completely different approach to property management. Our specialists are ready and waiting to walk you through every step of the process, from the initial evaluation to ongoing management and tenant services. We are the hardest-working team in the industry, with the utmost amount of dedication to our clients as well as their tenants.

If you are ready to discover the Nomadic difference, contact us today! Our Great Falls, VA team is here to answer any and all questions that you might have about the property management process, or about the services that we offer.

Get a Completely Free, Personalized Assessment!

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Discover the Nomadic Difference

The Nomadic difference is just that — a completely different approach to property management. Our specialists are ready and waiting to walk you through every step of the process, from the initial evaluation to ongoing management and tenant services. We are the hardest-working team in the industry, with the utmost amount of dedication to our clients as well as their tenants.

If you are ready to discover the Nomadic difference, contact us today! Our Great Falls, VA team is here to answer any and all questions that you might have about the property management process, or about the services that we offer.

Other locations we operate in:

Our Great Falls, VA Team Is Serious About Every Detail

Nomadic Real Estate combines the best of both worlds:

  • When you work with us, you can count on our 15 years of experience in the property management industry/ 
  • You will also enjoy the personal touch that our team provides. 

The proof of our customer commitment is in the small details. We always feature zero renewal fees, zero work order markups, and zero upfront costs.

Learn What Sets Nomadic Apart:

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We believe that through providing honest, responsive services built on sustainable business practices, everyone wins. Discover the Nomadic Experience, start with a free evaluation:
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Enhanced Reporting

Your portal includes a selection of extremely useful reports. Reports are available in the “Reports” section, and are distinct from the financial statements. Unlike financial statements which are static records, Reports are dynamic real-time records that will update with current data every time you view them. 

Scroll down to learn more about Reports:

Navigate to the "Reports" module in your portal:

  • Keep in mind, these reports are dynamic records. They will refresh to display current information every time you view them. 

Enhanced Rent Roll Report:

  • The Enhanced Rent Roll Report will show the rent amount, last payment date, move-in date, lease expiration date, and security deposit amount for each of your tenants. 
  • It will also show a portfolio summary with occupancy percentage, vacancy loss, and more!

Unit Comparison Report:

  • If you own multiple units (or buildings) with Nomadic, you’ll get access to the Unit Comparison Report. 
  • This report enables you to quickly compare financial performance between your units at a glance without toggling between individual reports. 

Income Statement Month-Over-Month:

  • The Income Statement Detail – Monthly Report serves as a month-over-month record of portfolio performance. You’ll see itemized income and expense categories and can track monthly. This report will update with fresh data every time you view it. 

Financial Statements

Financial statements will be published to your portal on a monthly basis. The statements are found in your Documents library, and provide a historical record of all financial performance. The statements serve as a snapshot of financial performance over a given period, and are static documents (unlike Reports, the statements do not update/change in real-time). 

Scroll down for more info about the Financial Statements in your Documents library:

The Documents area contains monthly financial statements:

  • The statements in the Documents are are static documents. They are posted to the portal once a month to serve as a historical record of financial performance. 

Download a statement to see month and YTD financials:

You'll also find a month-over-month operating statement:

Portal Communication Tool

You can use your owner portal to communicate with our team. Any messages you send through the portal will go straight to your Account Manager. When we reply, you’ll get an email notification and you’ll also see the message in your portal next time you log in. 

Here’s an overview of using the communication platform:

Click "Communications" and navigate to "Conversations":

  • The communications module will contain a record of all messages that you create through the portal. 

Click the "New Message" button and send your message:

Responses will show up in the conversation ticket:

  • You’ll get an email notification whenever you get a response, and you’ll also see the message in your portal next time you log in. 

You can reply in-line using the comment box:

Each conversation will be logged in its entirety:

Understanding the Ledger

Your portal includes a ledger with all transactions. The ledger is populated with data in real-time as transactions flow through our accounting software. Much of this information is also available in the Reports area, as well as the Statements in your Documents library, but the ledger is the most comprehensive resource for diving into the details. 

Please scroll through the sections below to get a better understanding of how to interpret the ledger. 

By default, transactions are sorted chronologically:

  • The date reflected in the lefthand column is the actual transaction date, not the “bill date”. This is the date the transaction was actually processed. 

If you have multiple properties with Nomadic, you'll see the address for each transaction in the "Location" column:

  • You can filter the ledger to look at just one property, all properties, or specific sets of properties. 
  • If you only have one property with us, you’ll just see the ledger for that property. 

The Description column displays the transaction type:

  • BILL: this is an expense transaction, such as for repair costs or management fees.
  • CHARGE: this is a transaction  billed to the tenant, most typically a rent payment. 
  • NACHA EXPORT: this is a credit we processed to your distribution account. This type of transaction is how you get paid! 

The Amount column shows the dollar value of each transaction:

  • Positive Amounts: if an amount is positive, it reflects a transaction that is payable to you. Typically, this will be a rent payment that we collected from your tenants. On occasion, a positive number could also signify a journal entry or credit adjustment. 
  • Negative Amounts:  if an amount is negative, this is a transaction that is either payable to Nomadic or is an amount that has already been paid to you. Typically this will be for repair costs or management/leasing fees. Owner draws (net distributions into your checking/savings account) also reflect as negative amounts, since they have already been paid to you. 

The Account Balance column shows a sum of positive/negative transactions at a given point in time:

  • Account Balance should always equal zero after a net distribution has been processed. When the balance is zero, this means that all expenses have been paid and you’ve received the remainder as net operating income, leaving a balance of zero (meaning: no one is due any money, as all funds have been distributed appropriately). 

Navigating the Propertyware Owner Portal

Your portal includes some extremely useful features that help you understand your property’s financial performance at a new level, with real-time transparency into every transaction.

Scroll through the snapshots below for an overview of portal navigation! If you need more help or have specific questions about using the portal, you can reach out to your Account Manager any time for a screen share. 

You can filter all info by date range or property:

View a snapshot of income and expenses on your dashboard:

See every transaction in real-time on your ledger:

Statements and forms will be posted to your documents library:

View a suite of real-time financial reports:

See a running list of all bills, and drill down for more detail:

Under Bill Details, you'll find dates/descriptions/amounts and more:

You can also communicate with your Account Manager through the portal:

How do net distributions work?

Net distributions keep your accounting clean and simple. Each month we’ll collect rent from the tenants, deduct any repair expenses for the previous month and any management/leasing fees for the current month, and credit the remaining net operating income to your account. 

You’ll receive a statement via email each time a net distribution is processed, and can view all transaction details in your Propertyware owner portal.