What do property management companies in Woodbridge do?
If this is your first-time hiring a property management company, you may want to learn more about what exactly property managers do. If this free reference doesn't answer all your questions, we're always happy to help.
Collect Rents
Nesbitt Realty puts 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 property manager.
Keep Records
Nesbitt Realty keeps an accounting of all income and receipts. 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 or condo association. If the tenant has violated homeowner or condo association covenants, we provide official notice to the renter 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 Repairs
Nesbitt Realty manages and dispatches maintenance personnel when required. We strive to have work done in a prompt manner at a price and quality acceptable to the property owner.
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 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 Rental Management Resources
-
Basics
Elementary information regarding property management in Woodbridge.
-
Getting Started
Learn more about getting started with rental property management
-
Find A Tenant
List your property to rent to find a great tenant in Woodbridge fast.
-
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
-
Cost
A breakdown of prices of rental management 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.
Should you know more about our area?
Our Guide to Real Estate is a helpful resource for anyone who wants to investigate real estate facts about Woodbridge and neighboring areas. The Guide to Real Estate provides facts regarding what has sold and what is on the market, and many interesting facts that you might not know. In addition, our Guide has some elements of living in Woodbridge. Of course, most of this is useful for buyers and sellers, but landlords and renters will also find these resources to be very sobering.
More Information
If you've never employed a rental property manager 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.
