What do property management companies in Woodbridge do?
If this is your first-time considering hiring a property management company, you might want to learn more about what exactly property management companies do. If this reference doesn't answer all your questions, we're always will to help.
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 landlord and fees to the property manager.
Keep Records
Nesbitt Realty keeps a record of all income and receipts. 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, we deal with HOA/COA. If your renter is in violation of HOA/COA covenants, we give official 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 Maintenance
Nesbitt Realty manages and dispatches handymen as needed. We strive to have work done in a timely manner 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 tenant is occupying the property.
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
-
Basics
Elementary info regarding management services in Woodbridge.
-
Getting Started
Learn more about getting started with property management
-
Find A Tenant
Market your property to rent to find a reliable tenant in Woodbridge fast.
-
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
-
Cost
An overview of fees associated with property management services in Woodbridge
-
Vetting
How Nesbitt Realty vets tenants for property owners.
-
Reserves
What is a contingency reserve account?
-
Territory
Where does Nesbitt Realty manage rental investments?
-
Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Do you need know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who wants to learn more about Woodbridge and neighboring communities. The Guide to Real Estate includes information about what has sold and what is currently listed, and many compelling facts that you may not be aware of. Furthermore, our Guide highlights some assets of residing in Woodbridge. Of course, most of this is interesting for buyers and sellers, but rental investors and renters will probably also find this information to be very eye-opening.
More Information
If you've never used a property management company in Woodbridge before, you should want to understand as much as possible about management and what property management companies actually 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.
