What do property management companies in Encore_of_McLean do?
If this is your first-time looking at hiring a property manager, you may want to understand more about what exactly property managers do. If this reference doesn't answer all your questions, we're always eager to provide more information.
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 real estate investor and fees to the property management company.
Keep Records
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 necessary, we deal with HOA/COA. If your renter is in violation of homeowner or condo association rules, we provide notice to your tenant and take steps to put the 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 Encore_of_McLean ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Handle Maintenance
Nesbitt Realty manages and dispatches maintenance personnel when required. We try to have work done in a timely manner at a price and quality acceptable to the property owner.
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 tenant is occupying the property.
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 Encore_of_McLean
Encore_of_McLean Rental Management Resources
Basics
Elementary information about what management services in Encore_of_McLean.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Encore_of_McLean fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with rental management in Encore_of_McLean
Vetting
How Nesbitt Realty vets renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Do you need understand more about the area?
Our Guide to Real Estate is a helpful resource for everyone who needs to investigate real estate facts about Encore_of_McLean and nearby areas. The Guide to Real Estate provides data regarding what has sold and what is currently listed, as well as many surprising facts that you might not be aware of. In addition, our Guide has quite a few of the fundamentals of life in Encore_of_McLean. Certainly, most of this is useful for purchasers and sellers, but owners and tenants will probably also find this data to be quite edifying.
More Information
If you've never employed a property manager in Encore_of_McLean before, you should want to understand as much as possible about management and what property managers 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.