What do property management companies in Middletown do?
If this is your first-time considering hiring a rental property management company, you might want to understand more about what exactly property management companies do. If this handy reference doesn't answer all your questions, we're always will to help.
Collect Rents
Nesbitt Realty puts funds from rent 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 income and receipts. 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 HOA/COA. If your renter is in violation of homeowner's association (or condo association) covenants, we give written notice to the tenant and take steps to put the renter 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.
Handle Repairs
Nesbitt Realty manages and dispatches handymen as required. We try to have work done in a prompt fashion at a price and quality acceptable to the landlord.
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 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.
Our Differentiators
What makes us different from other property managers in Middletown
Middletown Property Management Resources
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Basics
Fundamental information regarding property management in Middletown.
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Getting Started
Learn more about getting started with property management
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Find A Tenant
Market your property to rent to find a reliable tenant in Middletown fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
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Cost
A list of fees associated with rental management in Middletown
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Vetting
How Nesbitt Realty vets renters for landlords.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage rental property?
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Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Should you understand more about this local real estate market?
Our Guide to Real Estate is a handy tool for everyone who wants to find out more about Middletown and neighboring areas. The Guide to Real Estate has data about what has sold and what is for sale, as well as a few surprising facts that you may not know. Also, our Guide has quite a few of the fundamentals of living in Middletown. As might be expected, all of this is interesting for buyers and sellers, but real estate investors and tenants might also find this information to be very edifying.
More Information
If you've never contracted with a property management company in Middletown before, you will want to learn as much as possible about management and what property managers actually 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.
