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.
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.]
We sincerely appreciate the opportunity to serve your real estate needs.
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.
