What do property management companies in Harrisonburg do?
If this is your first-time looking at hiring a property management company, you should want to understand more about what exactly rental property managers do. If this handy reference doesn't answer all your questions, we're always eager 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 real estate investor and fees to the rental property management company.
Nesbitt Realty keeps a record 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 required, we deal with homeowner's association (or condo association). If the tenant has violated homeowner or condo association covenants, we provide notice to the renter 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 Harrisonburg ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches handymen when required. We aim to have 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 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.
Harrisonburg Property Management Resources
Do you need know more about the local real estate market?
Our Guide to Real Estate is a handy tool for everyone who hopes to learn more about Harrisonburg and surrounding communities. The Guide to Real Estate includes data about what has sold and what is currently listed, as well as some shocking facts that you might not know. In addition, our Guide features many of the assets of life in Harrisonburg. Of course, all of this is helpful for buyers and sellers, but landlords and tenants should also find this information to be quite enlightening.
If you've never hired a property management company in Harrisonburg before, you will want to know as much as possible about management and what rental property managers actually do. Feel free to call and talk 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.