What do rental property managers in Harrisonburg do?
If this is your first-time considering hiring a rental property manager, you may want to learn more about what exactly rental property management companies do. If this reference doesn't answer all your questions, we're always happy to help.
Nesbitt Realty deposits 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 property manager.
Nesbitt Realty keeps an accounting of all money and receipts. 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 HOA/COA. If your renter is in violation of homeowner or condo association covenants, we provide official notice to your renter and take steps to put your renter in compliance. We keep you apprised of notices and required 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 strive 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 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.
Harrisonburg Rental Management Resources
Do you want know more about this local real estate market?
Our Guide to Real Estate is a handy tool for everyone who wants to review important real estate information about Harrisonburg and neighboring communities. The Guide to Real Estate has information about what has sold and what is currently listed, as well as many surprising facts that you may not be aware of. Furthermore, our Guide features some benefits of life in Harrisonburg. As a matter of course, most of this is interesting for buyers and sellers, but property owners and renters will probably also find these resources to be somewhat edifying.
If you've never employed a rental property manager in Harrisonburg before, you may want to learn as much as possible about the process and what rental property management companies 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.