First-time using property management?

What do rental property managers in Middletown do?

If this is your first-time looking at hiring a rental property manager, you may want to know more about what exactly property managers do.  If this free reference doesn't answer all your questions, we're always happy to help.

Collect Rents

Nesbitt Realty puts rents 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.

Keep Records

Nesbitt Realty keeps an accounting of all money and payables. 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's association (or condo association). If your renter is in violation of homeowner or condo association rules, we give official notice to your 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 Middletown ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.

Manage Upkeep

Nesbitt Realty manages and dispatches maintenance personnel when required. We try to get work done in a timely fashion at a price and quality acceptable to the real estate investor.

Inspections

Nesbitt Realty inspects the rental at the time of move-in at the time of move-out and from time-to-time while the lease is active.

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.

Our Differentiators

Middletown Rental Management Resources

There is a first-time for everyone.

Should you know more about this area?

Our Guide to Real Estate is a handy resource for anyone who hopes to learn more about Middletown and neighboring communities.  The Guide to Real Estate has information about what has sold and what is currently listed, and a couple of shocking facts that you may not know.  Furthermore, our Guide highlights many of the fundamentals of life in Middletown.  Of course, most of this is useful for purchasers and sellers, but landlords and tenants will likely also find this data to be somewhat sobering.

More Information

If you've never contracted with a rental property management company in Middletown before, you will 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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