What do property management companies in Castleton do?
If this is your first-time hiring a rental property manager, you should want to know 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 puts funds from rent 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 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, 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 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 Castleton ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches handymen as needed. We aim to have work done in a timely manner at a price and quality satisfactory to the landlord.
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.
Castleton Rental Management Resources
Do you want understand more about the area?
Our Guide to Real Estate is a helpful tool for everyone who needs to investigate real estate facts about Castleton and surrounding areas. The Guide to Real Estate provides facts about what has sold and what is for sale, and some interesting facts that you might not be aware of. Not to mention, our Guide highlights many of the fundamentals of living in Castleton. Definitely, most of this is interesting for buyers and sellers, but real estate investors and renters might also find the facts to be very eye-opening.
If you've never contracted with a property management company in Castleton before, you will want to know as much as possible about management and what rental property managers 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.