What do rental property management companies in Woodbridge do?
If this is your first-time looking at hiring a rental property manager, you may want to learn more about what exactly property managers do. If this handy reference doesn't answer all your questions, we're always will to help.
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.
Nesbitt Realty keeps an accounting of all money 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's association (or condo association) rules, we provide notice to your 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 Woodbridge ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches maintenance personnel as required. We strive to have work done in a timely fashion at a price and quality acceptable 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 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.
Woodbridge Rental Management Resources
Do you need understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who needs to learn more about Woodbridge and neighboring areas. The Guide to Real Estate includes facts regarding what has sold and what is on the market, as well as some shocking facts that you might not be aware of. Also, our Guide features quite a few of the fundamentals of life in Woodbridge. Yes, all of this is useful for purchasers and sellers, but landlords and renters may also find these tools to be somewhat enlightening.
If you've never used a rental property management company in Woodbridge before, you may want to learn as much as possible about the process and what rental 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.