What do property managers in Woodbridge do?
If this is your first-time considering hiring a property manager, you should want to know more about what exactly property managers do. If this free reference doesn't answer all your questions, we're always eager 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 required, your manager will deal with homeowner's association (or condo association). If the tenant is in violation of HOA/COA covenants, we provide written notice to the tenant and take steps to put your renter in compliance. We keep you apprised of notices and required 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 Upkeep
Nesbitt Realty manages and dispatches handymen when needed. We aim to have 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
Basic information about what management services in Woodbridge.
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Getting Started
Learn more about getting started with rental property management
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Find A Tenant
Market your property to rent to find a reliable renter in Woodbridge fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
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Cost
An overview of prices of rental management services in Woodbridge
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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?
There is a first-time for everyone.
Should you know more about this local real estate market?
Our Guide to Real Estate is a free tool for anyone who wants to find out more about Woodbridge and neighboring communities. The Guide to Real Estate has information regarding what has sold and what is on the market, and many interesting facts that you may not be aware of. In addition, our Guide has many of the elements of residing in Woodbridge. Of course, most of this is interesting for purchasers and sellers, but owners and tenants will also find the facts to be quite enlightening.
More Information
If you've never employed a property management company in Woodbridge before, you should want to understand as much as possible about the process and what rental property managers really do. Feel free to call and talk 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.
