What do rental property managers in Riverplace do?
If this is your first-time hiring a rental property manager, you may want to know more about what exactly rental property management companies do. If this handy reference doesn't answer all your questions, we're always eager to help.
Collect Rents
Nesbitt Realty deposits funds from rent into an escrow account and from that account we disburse funds to pay bills, income to the property owner and fees to the rental property manager.
Keep Records
Nesbitt Realty keeps a record of all money and receipts. We send monthly statements to the landlord 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 has violated HOA/COA covenants, we give official notice to your renter and take steps to put your 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 Riverplace ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Handle Maintenance
Nesbitt Realty manages and dispatches handymen as required. We aim to have work done in a timely fashion at a price and quality acceptable to the landlord.
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 lease is active.
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 Riverplace
Riverplace Rental Management Resources
Basics
Basic information about what management services in Riverplace.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a great renter in Riverplace 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 Riverplace
Vetting
How Nesbitt Realty vets tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage property?
Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Do you want know more about this local real estate market?
Our Guide to Real Estate is a free tool for everyone who hopes to find out more about Riverplace and surrounding areas. The Guide to Real Estate provides data about what has sold and what is currently listed, and a couple of shocking facts that you might not be aware of. And, our Guide highlights many of the assets of life in Riverplace. Of course, all of this is useful for buyers and sellers, but real estate investors and renters will probably also find these resources to be quite enlightening.
More Information
If you've never used a property manager in Riverplace before, you should want to know as much as possible about the process and what rental property management companies 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.