What do rental property managers in Ballston do?
If this is your first-time looking at hiring a rental property manager, you may want to know more about what exactly rental property management companies do. If this quick reference doesn't answer all your questions, we're always will to provide more information.
Nesbitt Realty puts funds from rent 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 money and payables. 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, your manager will deal with homeowner's association (or condo association). If the tenant is in violation of homeowner or condo association rules, we give notice to the renter and take steps to put the renter in compliance. We keep you apprised of notices and required actions.
Nesbitt Realty ensures that your rental property complies with state laws, local Ballston ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches handymen as needed. We try to get work done in a timely 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 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.
What makes us different from other property managers in Ballston
Ballston Rental Management Resources
Should you know more about the local real estate market?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who wants to review important real estate information about Ballston and surrounding communities. The Guide to Real Estate provides information about what has sold and what is currently listed, as well as many interesting facts that you might not be aware of. In addition, our Guide features some assets of life in Ballston. Certainly, most of this is interesting for buyers and sellers, but landlords and renters will likely also find this information to be somewhat eye-opening.
If you've never used a property manager in Ballston before, you should want to understand as much as possible about the process and what rental property managers really 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.