What do rental property managers in Yorktown do?
If this is your first-time hiring a property management company, you should want to learn more about what exactly property management companies do. If this quick reference doesn't answer all your questions, we're always happy to provide more information.
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 real estate investor and fees to the rental property management company.
Keep Records
Nesbitt Realty keeps an accounting 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 required, your manager will deal with homeowner or condo association. If your renter is in violation of homeowner or condo association covenants, we provide official notice to the tenant and take steps to put the tenant 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 Yorktown ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Manage Maintenance
Nesbitt Realty manages and dispatches handymen when needed. We aim to have work done in a timely manner at a price and quality acceptable to the property owner.
Inspections
Nesbitt Realty inspects the property 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 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 Yorktown
Yorktown Property Management Resources
Basics
Fundamental info regarding management services in Yorktown.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a great tenant in Yorktown fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management in Yorktown
Vetting
How Nesbitt Realty vets renters for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage property?
Clients
Who uses Nesbitt Realty management services?
Do you need know more about our local real estate market?
Our Guide to Real Estate is a handy resource for everyone who needs to learn more about Yorktown and nearby areas. The Guide to Real Estate includes information about what has sold and what is currently listed, as well as a few compelling facts that you might not know. And, our Guide highlights some benefits of living in Yorktown. Of course, all of this is interesting for purchasers and sellers, but rental investors and tenants might also find these resources to be quite useful.
More Information
If you've never used a rental property management company in Yorktown before, you may want to know as much as possible about the process and what rental property management companies really 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.