What do rental property managers in Warren County do?
If this is your first-time hiring a rental property manager, you may want to know more about what exactly rental property managers do. If this handy reference doesn't answer all your questions, we're always will to help.
Nesbitt Realty deposits funds from rent into an escrow account and from that account we disburse funds to pay bills, income to the property owner and fees to the rental property manager.
Nesbitt Realty keeps an accounting of all money and receipts. 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, your manager will deal with HOA/COA. If your renter has violated homeowner's association (or condo association) covenants, we provide official notice to your renter and take steps to put your renter 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 maintenance personnel when required. We try to have 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 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.
Warren County Rental Management Resources
Do you need know more about our community?
Our Guide to Real Estate is a helpful tool for everyone who wants to review important real estate information about Warren County and surrounding communities. The Guide to Real Estate has facts regarding what has sold and what is currently listed, and a couple of surprising facts that you may not know. In addition, our Guide highlights some benefits of life in Warren County. As a matter of course, all of this is interesting for purchasers and sellers, but owners and tenants might also find the facts to be quite eye-opening.
If you've never employed a property management company in Warren County before, you should want to learn as much as possible about management and what rental property management companies really do. Feel free to call and chat 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.