What do rental property management companies in Lafayette Village do?
If this is your first-time looking at hiring a property management company, you might want to understand more about what exactly property managers do. If this free reference doesn't answer all your questions, we're always eager to provide more information.
Collect Rents
Nesbitt Realty deposits rents 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 management company.
Keep Records
Nesbitt Realty keeps an accounting of all income and receipts. 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 required, we deal with homeowner's association (or condo association). If the tenant has violated homeowner or condo association covenants, we provide notice to the renter 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 Lafayette Village ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Handle Upkeep
Nesbitt Realty manages and dispatches handymen when needed. We try to have work done in a prompt manner 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 during tenancy.
Provide a Level of Separation
This is the one duty that no real estate investor 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 Lafayette Village
Lafayette Village Property Management Resources
Basics
Fundamental info about what management services in Lafayette Village.
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 Lafayette Village fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of property management services in Lafayette Village
Vetting
How Nesbitt Realty vets renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
Clients
Who uses Nesbitt Realty management services?
Do you need understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who wants to investigate real estate facts about Lafayette Village and neighboring areas. The Guide to Real Estate compiles facts about what has sold and what is for sale, as well as a few shocking facts that you may not be aware of. Furthermore, our Guide features quite a few of the fundamentals of life in Lafayette Village. Naturally, all of this is interesting for purchasers and sellers, but owners and tenants should also find these resources to be quite enlightening.
More Information
If you've never hired a property manager in Lafayette Village before, you may want to learn as much as possible about management and what 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.