First-time using property management?

What do property management companies in Riverwood do?

If this is your first-time considering hiring a property manager, you should want to know more about what exactly property management companies do.  If this handy reference doesn't answer all your questions, we're always eager to help.

Collect Rents

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.

Keep Records

Nesbitt Realty keeps a record of all money 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 required, your manager will deal with homeowner or condo association. If the tenant has violated HOA/COA rules, we give official notice to the tenant and take steps to put your tenant in compliance.  We keep you apprised of notices and necessary actions.

Legal Compliance

Nesbitt Realty ensures that your rental property complies with state laws, local Riverwood ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.

Handle Repairs

Nesbitt Realty manages and dispatches handymen when required. We aim to have work done in a timely fashion at a price and quality satisfactory to the real estate investor.

Inspections

Nesbitt Realty inspects the property 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 landlord 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.

Our Differentiators

Riverwood Rental Management Resources

Basics

Elementary information regarding rental managment in Riverwood.

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Getting Started

Learn more about getting started with rental property management

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Find A Tenant

List your property to rent to find a great renter in Riverwood fast.

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Accounting

How does Nesbitt Realty keep track of income and expenses for real estate investors?

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Cost

An overview of prices of property management services in Riverwood

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Vetting

How Nesbitt Realty checks the backgrounds of tenants for property owners.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rental investments?

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Clients

Who uses Nesbitt Realty management services?

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Contact

Call (703)765-0300 to speak to a property management specialist now.

Email

There is a first-time for everyone.

Do you need understand more about the local real estate market?

Nesbitt Realty's Guide to Real Estate is a free tool for everyone who hopes to investigate real estate facts about Riverwood and nearby communities.  The Guide to Real Estate includes facts about what has sold and what is on the market, and some shocking facts that you may not know.  Furthermore, our Guide highlights some elements of living in Riverwood.  Of course, most of this is interesting for buyers and sellers, but property owners and tenants will also find this data to be somewhat eye-opening.

More Information

If you've never used a rental property manager in Riverwood before, you may want to learn as much as possible about the process and what rental 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.

 

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