What do rental property management companies in Del Ray do?
If this is your first-time looking at hiring a property manager, you should want to learn more about what exactly property management companies do. If this reference doesn't answer all your questions, we're always eager to help.
Collect Rents
Nesbitt Realty deposits rents into an escrow account and from that account we disburse funds to pay bills, income to the landlord and fees to the rental property manager.
Keep Records
Nesbitt Realty keeps a record of all income and receipts. We send monthly statements to the property owner and at the end of the year we prepare a 1099 tax document and an annual statement for tax preparation. These records are also available electronically if you prefer.
Deal with the Association
When necessary, your manager will deal with homeowner's association (or condo association). If your renter has violated homeowner's association (or condo association) covenants, we give written notice to your tenant and take steps to put your tenant in compliance. We keep you apprised of notices and required actions.
Legal Compliance
Nesbitt Realty ensures that your rental property complies with state laws, local Del Ray ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Manage Repairs
Nesbitt Realty manages and dispatches handymen when required. We try to have work done in a prompt fashion at a price and quality satisfactory to the landlord.
Inspections
Nesbitt Realty inspects the rental at the time of move-in at the time of move-out and from time-to-time during tenancy.
Provide a Level of Separation
This is the one duty that no real estate investor can perform. A level of separation ensures professionalism is always maintained and personal feelings do not enter into the equation. Nesbitt Realty manages tenant relations including maintenance requests, late fee notices. We deal with a laundry list of tenant problems:
- unauthorized guests, unauthorized pets,
- parking issues,
- tenant cleanliness,
- noise violations,
- neighbor complaints, etc.
If necessary, we manage the process of prosecuting actions to evict Tenants.
Our Differentiators
What makes us different from other property managers in Del Ray
Del Ray Rental Management Resources
Basics
Basic information about what rental managment in Del Ray.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable tenant in Del Ray fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management services in Del Ray
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
Clients
Who uses Nesbitt Realty management services?
Should you understand more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who needs to learn more about Del Ray and nearby areas. The Guide to Real Estate provides facts about what has sold and what is for sale, and some shocking facts that you might not be aware of. In addition, our Guide features quite a few of the fundamentals of life in Del Ray. As might be expected, most of this is interesting for buyers and sellers, but real estate investors and renters may also find this data to be very enlightening.
More Information
If you've never used a rental property manager in Del Ray before, you will want to know as much as possible about management and what property managers really do. Feel free to call and chat about specific questions.
Money in general does not flow from the landlord to the property manager. Money flows from the tenant to the property manager to the landlord. Fees and commissions are withheld from collected rents. The next step is to learn a little more about what differentiates us from other property managers.