What do property managers in Shenandoah County do?
If this is your first-time looking at hiring a property manager, you should want to know more about what exactly property management companies do. If this reference doesn't answer all your questions, we're always will 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 landlord and fees to the rental property management company.
Nesbitt Realty keeps a record of all income and payables. 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 necessary, your manager will deal with HOA/COA. If the tenant is in violation of homeowner's association (or condo association) covenants, we give written notice to the renter and take steps to put the tenant in compliance. We keep you apprised of notices and required actions.
Nesbitt Realty ensures that your rental property complies with state laws, local Shenandoah County ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches handymen as needed. We aim to get work done in a prompt fashion at a price and quality satisfactory to the real estate investor.
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.
Shenandoah County Property Management Resources
Should you know more about this local real estate market?
Our Guide to Real Estate is a helpful resource for everyone who wants to investigate real estate facts about Shenandoah County and nearby communities. The Guide to Real Estate provides facts regarding what has sold and what is on the market, as well as a couple of interesting facts that you might not know. Furthermore, our Guide features some elements of life in Shenandoah County. As might be expected, most of this is useful for purchasers and sellers, but real estate investors and tenants may also find these resources to be quite edifying.
If you've never used a rental property management company in Shenandoah County before, you will want to know as much as possible about management and what rental property management companies actually 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.