What do property management companies in Woodbridge do?
If this is your first-time hiring a rental property manager, you may want to know more about what exactly rental property managers do. If this handy reference doesn't answer all your questions, we're always happy to provide more information.
Collect Rents
Nesbitt Realty deposits 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 rental property manager.
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 necessary, we deal with homeowner's association (or condo association). If the tenant has violated 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 Woodbridge ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Manage Repairs
Nesbitt Realty manages and dispatches handymen as needed. We aim to get work done in a timely manner 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 during tenancy.
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
What makes us different from other property managers in Woodbridge
Woodbridge Property Management Resources
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Basics
Basic info about what rental managment in Woodbridge.
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Getting Started
Learn more about getting started with property management
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Find A Tenant
List your property to rent to find a great tenant in Woodbridge 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
A list of prices of rental management services in Woodbridge
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Vetting
How Nesbitt Realty checks the backgrounds of tenants 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.
Do you want know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who needs to investigate real estate facts about Woodbridge and neighboring communities. The Guide to Real Estate provides information about what has sold and what is on the market, as well as a few shocking facts that you may not be aware of. Not to mention, our Guide spotlights some aspects of living in Woodbridge. Certainly, most of this is helpful for buyers and sellers, but rental investors and renters might also find these resources to be very informative.
More Information
If you've never hired a rental property manager in Woodbridge before, you should want to learn as much as possible about management and what rental property management companies 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.
