What do rental property managers in Winchester do?
If this is your first-time hiring a property management company, you may want to learn more about what exactly property managers do. If this free reference doesn't answer all your questions, we're always eager 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 property owner and fees to the rental property manager.
Nesbitt Realty keeps an accounting 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 necessary, your manager will deal with homeowner or condo association. If the tenant is in violation of homeowner or condo association rules, we give notice to your tenant 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 Winchester ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Nesbitt Realty manages and dispatches maintenance personnel as needed. We strive to have work done in a prompt fashion at a price and quality satisfactory to the property owner.
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.
Winchester Rental Management Resources
Should you know more about our local real estate market?
Our Guide to Real Estate is a helpful resource for anyone who needs to investigate real estate facts about Winchester and nearby communities. The Guide to Real Estate has information regarding what has sold and what is currently listed, and a few compelling facts that you might not know. Also, our Guide has quite a few of the benefits of residing in Winchester. Certainly, all of this is helpful for buyers and sellers, but landlords and renters will also find this data to be somewhat informative.
If you've never hired a rental property management company in Winchester before, you may want to learn as much as possible about management and what rental property managers 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.