What do property management companies in The Wooster And Mercer Lofts do?
If this is your first-time hiring a property management company, you might want to learn more about what exactly rental property management companies do. If this free reference doesn't answer all your questions, we're always eager to help.
Collect Rents
Nesbitt Realty puts funds from rent into an escrow account and from that account we disburse funds to pay bills, income to the landlord and fees to the property manager.
Keep Records
Nesbitt Realty keeps a record of all income 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 homeowner or condo association. If the tenant is in violation of HOA/COA rules, we give written notice to your tenant and take steps to put the renter in compliance. We keep you apprised of notices and required actions.
Legal Compliance
Nesbitt Realty ensures that your rental property complies with state laws, local The Wooster And Mercer Lofts ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Manage Repairs
Nesbitt Realty manages and dispatches handymen as required. We strive to have work done in a timely fashion at a price and quality satisfactory to the real estate investor.
Inspections
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.
Our Differentiators
What makes us different from other property managers in The Wooster And Mercer Lofts
The Wooster And Mercer Lofts Rental Management Resources
Basics
Basic info regarding management services in The Wooster And Mercer Lofts.
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 The Wooster And Mercer Lofts fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management in The Wooster And Mercer Lofts
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage property?
Clients
Who uses Nesbitt Realty management services?
Should you know more about the area?
Our Guide to Real Estate is a handy tool for everyone who needs to review important real estate information about The Wooster And Mercer Lofts and neighboring areas. The Guide to Real Estate has facts regarding what has sold and what is on the market, and some interesting facts that you may not know. And, our Guide has quite a few of the elements of life in The Wooster And Mercer Lofts. As a matter of course, most of this is useful for purchasers and sellers, but property owners and renters will likely also find this information to be very enlightening.
More Information
If you've never contracted with a rental property management company in The Wooster And Mercer Lofts before, you should want to understand as much as possible about management and what rental property managers 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.