What do rental property management companies in Shenandoah do?
If this is your first-time hiring a property manager, you may want to learn more about what exactly rental property managers do. If this reference doesn't answer all your questions, we're always happy to help.
Nesbitt Realty deposits 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 manager.
Nesbitt Realty keeps a record 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's association (or condo association). If the tenant is in violation of homeowner's association (or condo association) rules, we give notice to the renter and take steps to put the renter in compliance. We keep you apprised of notices and necessary actions.
Nesbitt Realty ensures that your rental property complies with state laws, local Shenandoah ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches handymen when required. We aim to get work done in a timely fashion at a price and quality acceptable to the real estate investor.
Nesbitt Realty inspects the property 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 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.
Shenandoah Property Management Resources
Should you know more about our area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who hopes to investigate real estate facts about Shenandoah and neighboring areas. The Guide to Real Estate has facts regarding what has sold and what is currently listed, as well as some surprising facts that you may not be aware of. Not to mention, our Guide highlights many of the benefits of living in Shenandoah. As might be expected, all of this is helpful for purchasers and sellers, but rental investors and tenants might also find these tools to be very sobering.
If you've never hired a rental property manager in Shenandoah before, you should want to know as much as possible about the process and what rental property managers really 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.