What do rental property management companies in Caton Woods do?
If this is your first-time looking at hiring a rental property manager, you should want to understand more about what exactly property management companies do. If this free reference doesn't answer all your questions, we're always will 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 landlord and fees to the rental property management company.
Keep Records
Nesbitt Realty keeps an accounting of all money and payables. 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, your manager will deal with homeowner or condo association. If your renter is in violation of homeowner's association (or condo association) covenants, we provide notice to the tenant and take steps to put your tenant 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 Caton Woods ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Manage Repairs
Nesbitt Realty manages and dispatches maintenance personnel when needed. We aim to get work done in a timely manner at a price and quality satisfactory 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 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.
Our Differentiators
What makes us different from other property managers in Caton Woods
Caton Woods Property Management Resources
Basics
Fundamental info about what property management in Caton Woods.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Caton Woods fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management in Caton Woods
Vetting
How Nesbitt Realty vets renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage property?
Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Do you need know more about the area?
Our Guide to Real Estate is a helpful resource for anyone who hopes to find out more about Caton Woods and surrounding areas. The Guide to Real Estate includes information regarding what has sold and what is on the market, as well as many compelling facts that you might not be aware of. Also, our Guide has quite a few of the aspects of residing in Caton Woods. As a matter of course, most of this is interesting for purchasers and sellers, but rental investors and tenants will also find this data to be very useful.
More Information
If you've never hired a property management company in Caton Woods before, you should want to know as much as possible about the process and what 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.
