What do rental property managers in Manassas Park do?
If this is your first-time looking at hiring a property management company, you may want to know more about what exactly rental property management companies do. If this handy reference doesn't answer all your questions, we're always eager to provide more information.
Nesbitt Realty puts funds from rent into an escrow account and from that account we disburse funds to pay bills, income to the property owner and fees to the property management company.
Nesbitt Realty keeps an accounting of all money 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 required, we deal with homeowner or condo association. If the tenant is in violation of homeowner or condo association rules, we provide written notice to the tenant 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 Manassas Park ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches handymen when required. We try to have work done in a prompt manner at a price and quality satisfactory to the property owner.
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 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.
Manassas Park Rental Management Resources
Do you want understand more about the local real estate market?
Our Guide to Real Estate is a free tool for everyone who needs to investigate real estate facts about Manassas Park and nearby areas. The Guide to Real Estate has information about what has sold and what is for sale, and a few compelling facts that you might not know. Also, our Guide features many of the assets of living in Manassas Park. Definitely, all of this is useful for buyers and sellers, but landlords and renters will probably also find this data to be quite edifying.
If you've never employed a property management company in Manassas Park before, you should want to know as much as possible about management and what property managers really 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.