What do property managers in Stephenson do?
If this is your first-time looking at hiring a rental property management company, you should want to understand more about what exactly property managers do. If this reference doesn't answer all your questions, we're always happy to provide more information.
Collect Rents
Nesbitt Realty puts funds from rent into an escrow account and from that account we disburse funds to pay bills, income to the real estate investor and fees to the rental property manager.
Keep Records
Nesbitt Realty keeps a record of all money and payables. 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, we deal with homeowner or condo association. If your renter is in violation of homeowner or condo association rules, we provide notice to the tenant and take steps to put the tenant in compliance. We keep you apprised of notices and necessary actions.
Legal Compliance
Nesbitt Realty ensures that your rental property complies with state laws, local Stephenson ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Handle Upkeep
Nesbitt Realty manages and dispatches maintenance personnel when needed. We aim to get work done in a timely fashion 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 during tenancy.
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 Stephenson
Stephenson Property Management Resources
Basics
Elementary info about what management services in Stephenson.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable tenant in Stephenson fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of rental management services in Stephenson
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage property?
Clients
Who uses Nesbitt Realty management services?
Should you know more about this local real estate market?
Our Guide to Real Estate is a helpful tool for everyone who wants to investigate real estate facts about Stephenson and neighboring communities. The Guide to Real Estate includes data regarding what has sold and what is currently listed, and many surprising facts that you may not know. Furthermore, our Guide has quite a few of the elements of living in Stephenson. Definitely, all of this is interesting for buyers and sellers, but real estate investors and tenants will likely also find this information to be quite sobering.
More Information
If you've never employed a rental property manager in Stephenson before, you may want to learn as much as possible about management and what property managers 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.