What do property management companies in Westmoreland Square do?
If this is your first-time hiring a property manager, you should want to understand more about what exactly rental property managers do. If this free reference doesn't answer all your questions, we're always eager to help.
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 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 required, your manager will deal with homeowner or condo association. If the tenant is in violation of homeowner's association (or condo association) covenants, we provide written notice to your tenant and take steps to put the 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 Westmoreland Square ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Handle Repairs
Nesbitt Realty manages and dispatches handymen when needed. We strive to have work done in a timely manner at a price and quality acceptable to the real estate investor.
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 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 Westmoreland Square
Westmoreland Square Property Management Resources
Basics
Elementary information regarding management services in Westmoreland Square.
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 Westmoreland Square fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with property management services in Westmoreland Square
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
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 understand more about this area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who needs to find out more about Westmoreland Square and surrounding communities. The Guide to Real Estate provides data about what has sold and what is on the market, and many compelling facts that you may not know. And, our Guide highlights quite a few of the assets of life in Westmoreland Square. Naturally, all of this is interesting for buyers and sellers, but real estate investors and renters might also find these tools to be somewhat enlightening.
More Information
If you've never hired a rental property manager in Westmoreland Square before, you may want to understand as much as possible about the process and what rental property management companies 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.
