What do property management companies in Greenwood Farm do?
If this is your first-time hiring a rental property management company, you may want to know more about what exactly property management companies do. If this free reference doesn't answer all your questions, we're always eager to help.
Collect Rents
Nesbitt Realty deposits rents into an escrow account and from that account we disburse funds to pay bills, income to the property owner and fees to the property management company.
Keep Records
Nesbitt Realty keeps a record of all money 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 required, your manager will deal with HOA/COA. If the tenant has violated homeowner's association (or condo association) rules, we provide official notice to your tenant and take steps to put your tenant 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 Greenwood Farm ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Handle Repairs
Nesbitt Realty manages and dispatches handymen when required. We try to get work done in a prompt manner at a price and quality satisfactory to the landlord.
Inspections
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 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.
Our Differentiators
What makes us different from other property managers in Greenwood Farm
Greenwood Farm Rental Management Resources
Basics
Elementary information regarding property management in Greenwood Farm.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable tenant in Greenwood Farm fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management in Greenwood Farm
Vetting
How Nesbitt Realty vets renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage property?
Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Should you know more about our area?
Our Guide to Real Estate is a handy resource for anyone who wants to find out more about Greenwood Farm and neighboring communities. The Guide to Real Estate compiles data about what has sold and what is currently listed, as well as a few interesting facts that you might not be aware of. And, our Guide has many of the aspects of living in Greenwood Farm. Of course, most of this is interesting for purchasers and sellers, but property owners and tenants will likely also find these tools to be quite edifying.
More Information
If you've never used a property management company in Greenwood Farm before, you will want to understand as much as possible about the process and what rental property managers really 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.