What do property managers in Woodbridge do?
If this is your first-time looking at hiring a property management company, you may want to know more about what exactly property management companies do. If this reference doesn't answer all your questions, we're always happy 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 income and payables. 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 homeowner's association (or condo association). If your renter has violated HOA/COA covenants, we give written notice to your tenant and take steps to put the 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 Repairs
Nesbitt Realty manages and dispatches handymen as required. We try to have work done in a timely fashion at a price and quality acceptable to the property owner.
Inspections
Nesbitt Realty inspects the rental 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 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
Fundamental info regarding property management 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 great tenant in Woodbridge fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
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Cost
A list of prices of rental management 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 property?
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Clients
Who uses Nesbitt Realty management services?
There is a first-time for everyone.
Do you need know more about this community?
Our Guide to Real Estate is a free resource for everyone who needs to learn more about Woodbridge and nearby communities. The Guide to Real Estate provides data regarding what has sold and what is currently listed, and a couple of compelling facts that you might not be aware of. And, our Guide highlights some assets of living in Woodbridge. Of course, all of this is helpful for buyers and sellers, but rental investors and tenants should also find this data to be quite useful.
More Information
If you've never employed a property management company in Woodbridge before, you should want to know as much as possible about the process and what rental property managers really do. Feel free to call and chat 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.
