What do rental property managers in Warren County do?
If this is your first-time hiring a property manager, you should want to understand more about what exactly rental property managers do. If this handy 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 real estate investor and fees to the property management company.
Nesbitt Realty keeps an accounting of all income and payables. We send monthly statements to the real estate investor 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 homeowner's association (or condo association). If your renter is in violation of HOA/COA rules, we give official notice to the renter and take steps to put the tenant in compliance. We keep you apprised of notices and necessary actions.
Nesbitt Realty ensures that your rental property complies with state laws, local Warren County ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches handymen when needed. We try to get work done in a prompt 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 during tenancy.
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.
Warren County Rental Management Resources
Do you want know more about our area?
Our Guide to Real Estate is a helpful resource for anyone who needs to learn more about Warren County and neighboring areas. The Guide to Real Estate includes facts about what has sold and what is currently listed, and some shocking facts that you might not be aware of. Also, our Guide highlights quite a few of the elements of living in Warren County. Of course, most of this is useful for purchasers and sellers, but real estate investors and renters might also find the facts to be quite informative.
If you've never contracted with a property manager in Warren County before, you should want to know as much as possible about the process and what rental property managers 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.