What do rental property managers in Clear Brook do?
If this is your first-time considering hiring a property management company, you may want to learn more about what exactly property managers do. If this reference doesn't answer all your questions, we're always eager to help.
Nesbitt Realty deposits rents into an escrow account and from that account we disburse funds to pay bills, income to the real estate investor and fees to the property manager.
Nesbitt Realty keeps a record of all income 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 necessary, your manager will deal with homeowner's association (or condo association). If your renter has violated HOA/COA covenants, we provide official notice to your renter and take steps to put the renter in compliance. We keep you apprised of notices and required actions.
Nesbitt Realty ensures that your rental property complies with state laws, local Clear Brook ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches maintenance personnel as needed. We aim to get work done in a prompt fashion at a price and quality acceptable to the landlord.
Nesbitt Realty inspects the rental at the time of move-in at the time of move-out and from time-to-time while the lease is active.
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.
Clear Brook Rental Management Resources
Do you need know more about this community?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who hopes to find out more about Clear Brook and surrounding communities. The Guide to Real Estate provides information regarding what has sold and what is on the market, and many surprising facts that you may not know. In addition, our Guide has some benefits of living in Clear Brook. Yes, most of this is interesting for purchasers and sellers, but real estate investors and tenants might also find this information to be somewhat sobering.
If you've never used a property management company in Clear Brook before, you should want to know as much as possible about the process and what rental property management companies actually 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.