What do property managers in Prince William County do?
If this is your first-time hiring a rental property management company, you should want to understand more about what exactly rental property managers do. If this quick reference doesn't answer all your questions, we're always happy 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 rental property manager.
Nesbitt Realty keeps a record of all income and receipts. We send monthly statements to the landlord 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 the tenant has violated homeowner or condo association covenants, we provide notice to the tenant and take steps to put your tenant in compliance. We keep you apprised of notices and necessary 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 maintenance personnel when needed. We try to have work done in a prompt fashion 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 during tenancy.
Provide a Level of Separation
This is the one duty that no landlord 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 Property Management Resources
Should you understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who hopes to learn more about Prince William County and nearby communities. The Guide to Real Estate compiles facts about what has sold and what is for sale, as well as some surprising facts that you may not know. Also, our Guide spotlights quite a few of the aspects of life in Prince William County. Of course, all of this is interesting for purchasers and sellers, but real estate investors and renters will likely also find this information to be somewhat enlightening.
If you've never contracted with a property management company in Prince William County before, you may want to know as much as possible about management and what property managers actually 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.