What do property managers in Runnymeade do?
If this is your first-time considering hiring a rental property manager, you might want to learn more about what exactly property managers do. If this free reference doesn't answer all your questions, we're always happy to provide more information.
Nesbitt Realty puts rents into an escrow account and from that account we disburse funds to pay bills, income to the real estate investor and fees to the property manager.
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 is in violation of homeowner's association (or condo association) covenants, we provide official notice to your renter and take steps to put your tenant in compliance. We keep you apprised of notices and necessary actions.
Nesbitt Realty ensures that your rental property complies with state laws, local Runnymeade ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches maintenance personnel as needed. We try to have work done in a timely manner at a price and quality acceptable to the property owner.
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 property owner 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.
Runnymeade Rental Management Resources
Should you understand more about this area?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who wants to review important real estate information about Runnymeade and neighboring areas. The Guide to Real Estate has information regarding what has sold and what is currently listed, and many shocking facts that you might not be aware of. Furthermore, our Guide highlights some fundamentals of living in Runnymeade. Of course, all of this is interesting for buyers and sellers, but rental investors and renters might also find the facts to be very informative.
If you've never hired a property management company in Runnymeade before, you will 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.