What do rental property management companies in Woodbridge do?
If this is your first-time hiring a property manager, you may want to learn more about what exactly rental property managers do. If this handy reference doesn't answer all your questions, we're always happy 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 real estate investor and fees to the rental property management company.
Keep Records
Nesbitt Realty keeps an accounting of all income 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, we deal with homeowner's association (or condo association). If your renter is in violation of homeowner's association (or condo association) 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 Woodbridge ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Handle Upkeep
Nesbitt Realty manages and dispatches handymen as required. We aim to get work done in a timely fashion at a price and quality acceptable 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 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 Woodbridge
Woodbridge Rental Management Resources
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Basics
Elementary information about what property management 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 dependable tenant in Woodbridge fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
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Cost
A breakdown of prices of rental management in Woodbridge
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Vetting
How Nesbitt Realty vets renters for our clients.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage property?
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Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Should you understand more about our community?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who hopes to learn more about Woodbridge and neighboring communities. The Guide to Real Estate provides facts about what has sold and what is on the market, as well as many shocking facts that you may not be aware of. Not to mention, our Guide features quite a few of the aspects of life in Woodbridge. Certainly, all of this is helpful for purchasers and sellers, but rental investors and renters should also find the facts to be somewhat sobering.
More Information
If you've never contracted with a rental property manager in Woodbridge before, you will want to know as much as possible about management and what rental property managers actually 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.
