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 management company, you might want to learn more about what exactly property managers do.  If this free reference doesn't answer all your questions, we're always eager 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 management company.

Keep Records

Nesbitt Realty keeps an accounting of all money 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, we deal with HOA/COA. If the tenant is in violation of homeowner or condo association covenants, we give notice to your 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 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 prompt fashion 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 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

Woodville Rental Management Resources

There is a first-time for everyone.

Do you need know more about our community?

Our Guide to Real Estate is a free tool for anyone who hopes to investigate real estate facts about Woodville and nearby communities.  The Guide to Real Estate has facts about what has sold and what is on the market, and some compelling facts that you may not be aware of.  Furthermore, our Guide highlights quite a few of the elements of living in Woodville.  Naturally, most of this is helpful for buyers and sellers, but owners and renters should also find these tools to be somewhat edifying.

More Information

If you've never used a property management company in Woodville before, you should want to know as much as possible about the process and what 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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