What do rental property managers in Springfield do?
If this is your first-time considering hiring a rental property manager, you should want to know more about what exactly rental property managers do. If this handy reference doesn't answer all your questions, we're always happy to help.
Nesbitt Realty puts rents into an escrow account and from that account we disburse funds to pay bills, income to the landlord and fees to the rental property manager.
Nesbitt Realty keeps a record of all money and receipts. 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's association (or condo association). If the tenant is in violation of homeowner or condo association covenants, we provide written notice to your tenant and take steps to put your renter in compliance. We keep you apprised of notices and required actions.
Nesbitt Realty ensures that your rental property complies with state laws, local Springfield ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches maintenance personnel as needed. We strive to get work done in a timely fashion at a price and quality satisfactory to the real estate investor.
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 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.
What makes us different from other property managers in Springfield
Springfield Property Management Resources
Do you need know more about the area?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who hopes to find out more about Springfield and neighboring communities. The Guide to Real Estate has information regarding what has sold and what is on the market, as well as a few compelling facts that you might not be aware of. In addition, our Guide highlights many of the aspects of living in Springfield. As a matter of course, most of this is interesting for purchasers and sellers, but real estate investors and tenants will probably also find this information to be somewhat edifying.
If you've never contracted with a property management company in Springfield before, you will want to understand as much as possible about the process and what property managers 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.