What do rental property managers in Arlington do?
If this is your first-time looking at hiring a property manager, you might want to understand more about what exactly rental property managers do. If this reference doesn't answer all your questions, we're always eager to help.
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 a record of all income 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 required, 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 written notice to the tenant and take steps to put the 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 handymen as needed. We aim to get work done in a timely fashion 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 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.
Arlington Property Management Resources
Do you need understand more about the local real estate market?
Our Guide to Real Estate is a handy resource for anyone who wants to investigate real estate facts about Arlington and nearby areas. The Guide to Real Estate provides data about what has sold and what is currently listed, as well as many interesting facts that you might not be aware of. Furthermore, our Guide has quite a few of the aspects of life in Arlington. Of course, most of this is useful for purchasers and sellers, but real estate investors and renters may also find these tools to be very enlightening.
If you've never hired a property management company in Arlington before, you will want to know as much as possible about management and what rental property management companies 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.