What do rental property managers in Bristow do?
If this is your first-time hiring a rental property manager, you might want to know more about what exactly rental property managers do. If this handy reference doesn't answer all your questions, we're always will to help.
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.
Nesbitt Realty keeps a record of all income and payables. 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 or condo association. If your renter has violated homeowner or condo association covenants, we provide written notice to the tenant 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 Bristow ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches handymen when needed. We aim to get work done in a prompt fashion at a price and quality acceptable to the landlord.
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 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.
Bristow Rental Management Resources
Do you want know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who needs to review important real estate information about Bristow and surrounding areas. The Guide to Real Estate has information regarding what has sold and what is currently listed, as well as many surprising facts that you may not be aware of. Not to mention, our Guide highlights some benefits of life in Bristow. Naturally, all of this is useful for buyers and sellers, but property owners and tenants may also find these tools to be quite eye-opening.
If you've never employed a rental property manager in Bristow before, you will want to understand as much as possible about the process and what property management companies really do. Feel free to call and chat 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.