What do rental property managers in Shenandoah County do?
If this is your first-time looking at hiring a rental property manager, you should want to understand more about what exactly rental property management companies do. If this free reference doesn't answer all your questions, we're always will to provide more information.
Nesbitt Realty puts rents into an escrow account and from that account we disburse funds to pay bills, income to the landlord 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 required, your manager will deal with homeowner's association (or condo association). If your renter has violated HOA/COA rules, we give written notice to the tenant and take steps to put the renter 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 maintenance personnel as needed. We strive to get work done in a prompt manner at a price and quality acceptable 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 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.
Shenandoah County Property Management Resources
Do you want know more about this local real estate market?
Our Guide to Real Estate is a free tool for anyone who hopes to review important real estate information about Shenandoah County and nearby communities. The Guide to Real Estate compiles facts regarding what has sold and what is for sale, as well as a couple of shocking facts that you may not know. Not to mention, our Guide features quite a few of the benefits of life in Shenandoah County. As a matter of course, all of this is helpful for buyers and sellers, but real estate investors and renters will also find the facts to be somewhat eye-opening.
If you've never contracted with a property manager in Shenandoah County before, you should want to know as much as possible about management and what 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.