What do property management companies in Frederick County do?
If this is your first-time considering hiring a property manager, you might want to understand more about what exactly property managers do. If this handy reference doesn't answer all your questions, we're always will to provide more information.
Nesbitt Realty deposits funds from rent into an escrow account and from that account we disburse funds to pay bills, income to the property owner and fees to the rental property manager.
Nesbitt Realty keeps an accounting of all money and receipts. 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 homeowner's association (or condo association). If the tenant is in violation of HOA/COA covenants, we provide written notice to your renter and take steps to put the tenant in compliance. We keep you apprised of notices and required actions.
Nesbitt Realty ensures that your rental property complies with state laws, local Frederick County ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches handymen when needed. We strive to have work done in a prompt manner at a price and quality acceptable to the real estate investor.
Nesbitt Realty inspects the property 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 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.
Frederick County Property Management Resources
Do you need understand more about our community?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who hopes to review important real estate information about Frederick County and surrounding communities. The Guide to Real Estate includes information about what has sold and what is for sale, and a couple of compelling facts that you might not know. And, our Guide spotlights some benefits of residing in Frederick County. Naturally, all of this is interesting for purchasers and sellers, but real estate investors and tenants will also find the facts to be quite sobering.
If you've never contracted with a property management company in Frederick County before, you may want to know as much as possible about the process and what property management companies 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.