What do rental property managers in Riverton do?
If this is your first-time hiring a rental property manager, you may want to understand more about what exactly property management companies do. If this reference doesn't answer all your questions, we're always eager to help.
Nesbitt Realty puts 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 property manager.
Nesbitt Realty keeps an accounting 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, we deal with homeowner's association (or condo association). If the tenant has violated HOA/COA rules, we give official notice to your renter and take steps to put your tenant in compliance. We keep you apprised of notices and required actions.
Nesbitt Realty ensures that your rental property complies with state laws, local Riverton ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches handymen when needed. We strive to get work done in a timely manner at a price and quality satisfactory 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 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.
Riverton Property Management Resources
Do you want know more about the community?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who hopes to investigate real estate facts about Riverton and nearby communities. The Guide to Real Estate includes data about what has sold and what is currently listed, as well as a few interesting facts that you may not be aware of. Not to mention, our Guide has quite a few of the aspects of residing in Riverton. Naturally, most of this is helpful for buyers and sellers, but real estate investors and tenants should also find this data to be somewhat sobering.
If you've never hired a property manager in Riverton before, you should want to learn as much as possible about management 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.