Home owners who can’t or don’t want to sell their homes in today’s market but must move should consider renting out the property.
What is the role of a property manager?
The primary role of a property manager is interfacing directly with applicants, tenants, and maintenance personnel. An efficient property manager saves you time and ensures that you about your everyday life without having to worry about the production of income of your property while maintaining the value of your investment.
The role of a property manager is to:
- market your rental property,
- collect rent in a timely fashion,
- maintain an accurate record of all income and expense,
- handle maintenance and repair issues,
- respond to tenant complaints,
- know when to draw the line,
- and even pursue evictions.
Nesbitt Realty is knowledgeable and experienced to manage your property in {Location_Name} and gives you the peace of mind that comes with knowing your investment is in good hands.
Learn more about our property management services!
Our real estate agents appreciate the opportunity to be of service. Thanks for considering us to get the job done.
Obtaining a professional property manager is a good first step. Professional property managers charge 7 percent to 10 percent of the monthly rent in many areas. Nesbitt Realty is often cheaper than our competitors.
Current rents may not be high enough to cover carrying charges, including mortgage, taxes, and insurance. Nevertheless, renting out the property may still make sense if property values rise in the next few years.
Offering a 12-month lease that converts to month-to-month is a good idea, if the owners are considering selling eventually. Include language in the lease that allows a real estate professional to show the home to potential buyers with 24 hours’ notice to tenants.
For more information or to set up an appointment call Julie at
(703)765-0300.