What do rental property management companies in Frederick County do?
If this is your first-time looking at hiring a property manager, you should want to learn more about what exactly rental property managers do. If this free reference doesn't answer all your questions, we're always happy to provide more information.
Nesbitt Realty puts rents 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 management company.
Nesbitt Realty keeps an accounting of all money and payables. 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 required, we deal with homeowner's association (or condo association). If the tenant has violated homeowner's association (or condo association) covenants, we give official notice to your tenant and take steps to put your tenant in compliance. We keep you apprised of notices and necessary 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 as required. We aim to get work done in a timely manner 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 while the tenant is occupying the property.
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 want know more about the community?
Our Guide to Real Estate is a handy tool for anyone who hopes to review important real estate information about Frederick County and neighboring areas. The Guide to Real Estate provides facts regarding what has sold and what is currently listed, and a few interesting facts that you may not be aware of. Not to mention, our Guide spotlights many of the aspects of living in Frederick County. Of course, all of this is useful for purchasers and sellers, but landlords and tenants will also find the facts to be somewhat eye-opening.
If you've never hired a rental property management company in Frederick County before, you should want to learn as much as possible about management and what property management companies actually 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.