First-time using property management?

What do rental property management companies in Woodville do?

If this is your first-time looking at hiring a rental property manager, you may want to understand more about what exactly property managers do.  If this reference doesn't answer all your questions, we're always will 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 property owner and fees to the property management company.

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's association (or condo association). If the tenant is in violation of HOA/COA rules, we give official notice to the renter and take steps to put the 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 Woodville ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.

Handle Repairs

Nesbitt Realty manages and dispatches handymen when required. We aim to have work done in a prompt manner 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

Woodville Rental Management Resources

There is a first-time for everyone.

Do you need know more about our area?

Nesbitt Realty's Guide to Real Estate is a free tool for anyone who hopes to investigate real estate facts about Woodville and surrounding areas.  The Guide to Real Estate provides information regarding what has sold and what is on the market, as well as many compelling facts that you may not be aware of.  Not to mention, our Guide spotlights many of the aspects of life in Woodville.  Of course, all of this is interesting for purchasers and sellers, but real estate investors and tenants may also find this information to be somewhat edifying.

More Information

If you've never employed a property manager in Woodville before, you should want to learn as much as possible about the process and what property managers actually do. Feel free to call and discuss 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.

 

Do you need a rental property manager?

Learn more about our rental management services. We service landlords in Virginia.

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