First-time using property management?

What do property managers in Luray do?

If this is your first-time hiring a rental property management company, you might want to know more about what exactly rental property management companies do.  If this free 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 property owner and fees to the property manager.

Keep Records

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 necessary, we deal with HOA/COA. If your renter is in violation of homeowner or condo association rules, we give written notice to your tenant and take steps to put your renter 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 Luray ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.

Handle Upkeep

Nesbitt Realty manages and dispatches handymen when needed. We aim to get work done in a timely manner at a price and quality satisfactory 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 property owner 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.

Luray Rental Management Resources

Basics

Elementary info regarding property management in Luray.

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Getting Started

Learn more about getting started with rental property management

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Find A Tenant

Market your property to rent to find a dependable renter in Luray fast.

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Accounting

How does Nesbitt Realty keep track of income and expenses for real estate investors?

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Cost

A breakdown of prices of property management services in Luray

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Vetting

How Nesbitt Realty checks the backgrounds of renters for property owners.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rentals?

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Clients

Who uses Nesbitt Realty management services?

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Contact

Call (703)765-0300 to speak to a property management specialist now.

Email

There is a first-time for everyone.

Should you know more about this community?

Nesbitt Realty's Guide to Real Estate is a free tool for everyone who hopes to learn more about Luray and neighboring communities.  The Guide to Real Estate compiles data about what has sold and what is on the market, and some shocking facts that you may not know.  Also, our Guide spotlights many of the fundamentals of life in Luray.  As might be expected, most of this is interesting for purchasers and sellers, but rental investors and tenants will probably also find these resources to be very informative.

More Information

If you've never employed a rental property management company in Luray before, you should 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.

 

Nesbitt Realty provides award-winning property management services.

Learn more about how we can help you achieve your real estate goals.

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