What do rental property management companies in Woodbridge do?
If this is your first-time looking at hiring a rental property management company, you may want to learn more about what exactly rental property managers do. If this free reference doesn't answer all your questions, we're always eager 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 manager.
Keep Records
Nesbitt Realty keeps an accounting 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 your renter has violated homeowner's association (or condo association) rules, we give written notice to your tenant and take steps to put your 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 Woodbridge ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Handle Upkeep
Nesbitt Realty manages and dispatches handymen as needed. We try to get work done in a timely manner at a price and quality satisfactory 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 while the lease is active.
Provide a Level of Separation
This is the one duty that no landlord 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 regarding management services 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 reliable tenant 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
A breakdown of fees associated with rental management in Woodbridge
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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 rentals?
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Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Should you know more about the community?
Our Guide to Real Estate is a helpful resource for everyone who wants to learn more about Woodbridge and neighboring areas. The Guide to Real Estate compiles facts about what has sold and what is for sale, as well as many compelling facts that you may not know. In addition, our Guide highlights some elements of living in Woodbridge. As might be expected, all of this is interesting for purchasers and sellers, but owners and tenants may also find these resources to be somewhat informative.
More Information
If you've never hired a rental property manager in Woodbridge before, you will want to understand as much as possible about management and what rental property management companies 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.
