What do rental property management companies in Outlook Condominiums do?
If this is your first-time hiring a property manager, you may want to understand more about what exactly property management companies do. If this handy reference doesn't answer all your questions, we're always eager to help.
Collect Rents
Nesbitt Realty puts rents into an escrow account and from that account we disburse funds to pay bills, income to the landlord and fees to the rental property management company.
Keep Records
Nesbitt Realty keeps an accounting of all income 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 homeowner's association (or condo association). If the tenant has violated homeowner or condo association rules, we provide notice to the tenant and take steps to put the renter in compliance. We keep you apprised of notices and required actions.
Legal Compliance
Nesbitt Realty ensures that your rental property complies with state laws, local Outlook Condominiums ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Handle Upkeep
Nesbitt Realty manages and dispatches handymen when required. We try to have work done in a timely manner at a price and quality acceptable to the property owner.
Inspections
Nesbitt Realty inspects the property 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 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 Outlook Condominiums
Outlook Condominiums Property Management Resources
Basics
Elementary info about what property management in Outlook Condominiums.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Outlook Condominiums fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management in Outlook Condominiums
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Do you need understand more about the community?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who needs to review important real estate information about Outlook Condominiums and nearby communities. The Guide to Real Estate has facts about what has sold and what is currently listed, and a few interesting facts that you might not know. Furthermore, our Guide highlights quite a few of the assets of life in Outlook Condominiums. Of course, all of this is useful for purchasers and sellers, but property owners and renters will also find these resources to be very enlightening.
More Information
If you've never used a property management company in Outlook Condominiums before, you should want to learn as much as possible about the process and what rental property management companies 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.
