What do rental property managers in Prince William County do?
If this is your first-time hiring a property manager, you should want to learn more about what exactly rental property managers do. If this reference doesn't answer all your questions, we're always will 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 property manager.
Nesbitt Realty keeps an accounting of all money and receipts. We send monthly statements to the property owner 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, your manager will deal with HOA/COA. If the tenant has violated homeowner or condo association rules, we provide notice to your 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 Prince William County ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches handymen when needed. We try to have work done in a timely fashion at a price and quality satisfactory 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 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.
Prince William County Rental Management Resources
Should you know more about the community?
Our Guide to Real Estate is a free resource for everyone who needs to learn more about Prince William County and neighboring areas. The Guide to Real Estate has data about what has sold and what is on the market, as well as some surprising facts that you may not know. In addition, our Guide spotlights many of the aspects of living in Prince William County. Certainly, all of this is helpful for purchasers and sellers, but real estate investors and tenants will likely also find this information to be quite useful.
If you've never hired a rental property management company in Prince William County before, you should want to understand as much as possible about management and what 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.