First-time using property management?

What do property management companies in Woodville do?

If this is your first-time looking at hiring a property management company, you may want to know more about what exactly rental property management companies 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 landlord and fees to the property management company.

Keep Records

Nesbitt Realty keeps a record of all money and receipts. We send monthly statements to the real estate investor 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, we deal with homeowner or condo association. If the tenant is in violation of homeowner or condo association rules, we provide written notice to the renter 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 Woodville ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.

Manage Upkeep

Nesbitt Realty manages and dispatches maintenance personnel as needed. We try to get work done in a timely manner at a price and quality satisfactory 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 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

Woodville Rental Management Resources

There is a first-time for everyone.

Do you need understand more about our community?

Our Guide to Real Estate is a handy resource for everyone who wants to review important real estate information about Woodville and surrounding areas.  The Guide to Real Estate includes data about what has sold and what is for sale, as well as a couple of shocking facts that you may not know.  Not to mention, our Guide has some aspects of residing in Woodville.  As a matter of course, all of this is useful for purchasers and sellers, but property owners and tenants will likely also find the facts to be very edifying.

More Information

If you've never contracted with a rental property manager in Woodville before, you may 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.

 

Do you need advice about rental property management?

Talk to one of our experts about rental property in Virginia.

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