What do rental property management companies in Beverly Hills do?
If this is your first-time looking at hiring a rental property manager, you should want to know more about what exactly rental property managers do. If this reference doesn't answer all your questions, we're always will to provide more information.
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 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 required, your manager will deal with homeowner's association (or condo association). If the tenant is in violation of HOA/COA rules, we give written notice to the renter and take steps to put the tenant 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 Beverly Hills ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Handle Upkeep
Nesbitt Realty manages and dispatches handymen as needed. We aim to have work done in a timely fashion at a price and quality satisfactory to the real estate investor.
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 tenant is occupying the property.
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 Beverly Hills
Beverly Hills Rental Management Resources
Basics
Elementary info regarding rental managment in Beverly Hills.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Beverly Hills fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management services in Beverly Hills
Vetting
How Nesbitt Realty vets renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage property?
Clients
Who uses Nesbitt Realty management services?
Do you want understand more about this area?
Our Guide to Real Estate is a handy resource for everyone who wants to learn more about Beverly Hills and neighboring areas. The Guide to Real Estate has data regarding what has sold and what is for sale, as well as some shocking facts that you may not know. And, our Guide has some assets of living in Beverly Hills. Certainly, most of this is interesting for purchasers and sellers, but landlords and renters will probably also find this data to be very useful.
More Information
If you've never used a rental property manager in Beverly Hills before, you may want to know as much as possible about the process and what rental property management companies actually do. Feel free to call and discuss 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.