What do property management companies in Potomac_Yard do?
If this is your first-time looking at hiring a rental property manager, you may want to understand more about what exactly property managers do. If this quick reference doesn't answer all your questions, we're always will to help.
Collect Rents
Nesbitt Realty puts funds from rent into an escrow account and from that account we disburse funds to pay bills, income to the property owner and fees to the rental property manager.
Keep Records
Nesbitt Realty keeps an accounting of all money and receipts. We send monthly statements to the real estate investor 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, we deal with homeowner's association (or condo association). If your renter has violated homeowner or condo association covenants, we provide notice to your renter and take steps to put your renter in compliance. We keep you apprised of notices and necessary actions.
Legal Compliance
Nesbitt Realty ensures that your rental property complies with state laws, local Potomac_Yard ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Manage Repairs
Nesbitt Realty manages and dispatches handymen as required. We aim 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 while the lease is active.
Provide a Level of Separation
This is the one duty that no landlord 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 Potomac_Yard
Potomac_Yard Property Management Resources
Basics
Fundamental info regarding rental managment in Potomac_Yard.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable tenant in Potomac_Yard fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management services in Potomac_Yard
Vetting
How Nesbitt Realty vets 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?
Do you need know more about the area?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who wants to learn more about Potomac_Yard and neighboring communities. The Guide to Real Estate provides data regarding what has sold and what is for sale, and some surprising facts that you might not know. Furthermore, our Guide highlights many of the assets of residing in Potomac_Yard. Certainly, most of this is helpful for purchasers and sellers, but owners and renters will probably also find the facts to be quite sobering.
More Information
If you've never employed a rental property manager in Potomac_Yard before, you should want to know as much as possible about management and what property managers actually do. Feel free to call and talk 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.