What do rental property management companies in Toms Brook do?
If this is your first-time hiring a rental property manager, you might want to know more about what exactly rental property managers do. If this reference doesn't answer all your questions, we're always eager to help.
Nesbitt Realty deposits rents into an escrow account and from that account we disburse funds to pay bills, income to the landlord and fees to the property management company.
Nesbitt Realty keeps an accounting of all money and payables. 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 homeowner or condo association. If the tenant has violated homeowner's association (or condo association) rules, we give notice to the tenant and take steps to put the renter in compliance. We keep you apprised of notices and necessary actions.
Nesbitt Realty ensures that your rental property complies with state laws, local Toms Brook ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches handymen when required. We strive to have work done in a prompt manner 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.
Toms Brook Rental Management Resources
Should you know more about the community?
Our Guide to Real Estate is a helpful resource for everyone who hopes to find out more about Toms Brook and nearby communities. The Guide to Real Estate has data regarding what has sold and what is currently listed, as well as a few surprising facts that you might not know. And, our Guide highlights some aspects of living in Toms Brook. Certainly, all of this is helpful for purchasers and sellers, but landlords and tenants will also find these resources to be somewhat informative.
If you've never contracted with a rental property management company in Toms Brook before, you will want to know as much as possible about the process and what property management companies 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.