What do property managers in Arlington do?
If this is your first-time hiring a property management company, you may want to learn more about what exactly rental property managers do. If this reference doesn't answer all your questions, we're always happy to provide more information.
Nesbitt Realty deposits rents into an escrow account and from that account we disburse funds to pay bills, income to the property owner and fees to the property management company.
Nesbitt Realty keeps an accounting of all money and payables. 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 HOA/COA. If the tenant has violated homeowner's association (or condo association) rules, we provide notice to your tenant and take steps to put your tenant in compliance. We keep you apprised of notices and required actions.
Nesbitt Realty ensures that your rental property complies with state laws, local Arlington ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches maintenance personnel as required. We aim to get work done in a prompt fashion at a price and quality acceptable to the property owner.
Nesbitt Realty inspects the property 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 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.
Arlington Rental Management Resources
Do you need understand more about our community?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who wants to find out more about Arlington and neighboring areas. The Guide to Real Estate has data about what has sold and what is currently listed, as well as many interesting facts that you may not know. Not to mention, our Guide spotlights some elements of life in Arlington. Definitely, most of this is useful for buyers and sellers, but landlords and tenants will likely also find these resources to be very sobering.
If you've never hired a rental property management company in Arlington before, you should want to learn as much as possible about the process and what rental property management companies actually 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.