First-time using property management?

What do rental property managers in Springfield do?

If this is your first-time hiring a property manager, you may want to understand more about what exactly property management companies 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 landlord and fees to the property management company.

Keep Records

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 HOA/COA. If your renter has violated homeowner's association (or condo association) rules, we give written notice to the renter and take steps to put the renter 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 Springfield ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.

Handle Upkeep

Nesbitt Realty manages and dispatches maintenance personnel when needed. We aim to get work done in a timely fashion 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 while the tenant is occupying the property.

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

Springfield Rental Management Resources

Basics

Elementary info about what property management in Springfield.

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Getting Started

Learn more about getting started with property management

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Find A Tenant

Market your property to rent to find a great tenant in Springfield fast.

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Accounting

How does Nesbitt Realty keep track of income and expenses for landlords?

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Cost

A breakdown of prices of property management services in Springfield

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Vetting

How Nesbitt Realty checks the backgrounds of renters for our clients.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rental property?

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Clients

Who uses Nesbitt Realty management services?

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Contact

Call (703)765-0300 to speak to a property manager now.

Email

There is a first-time for everyone.

Do you need know more about the area?

Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who wants to investigate real estate facts about Springfield and surrounding areas.  The Guide to Real Estate compiles information regarding what has sold and what is currently listed, as well as a couple of shocking facts that you may not be aware of.  Furthermore, our Guide has some assets of residing in Springfield.  Certainly, most of this is useful for purchasers and sellers, but rental investors and renters will likely also find these tools to be very informative.

More Information

If you've never employed a rental property manager in Springfield before, you should want to understand as much as possible about management and what rental property managers actually 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.

 

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