Smile, You've Found The Best Property
Management Company in Bethesda, MD

Dealing with multiple rental properties can leave you with little time in your schedule to handle anything else. 

Whether those rental properties are your primary source of income or you’re managing them as a side source of income, you need an efficient property management company that can help take some of the weight off of your shoulders and ensure that you offer the best possible service for your tenants–all while relieving much of the stress associated with being a landlord.

Are you looking for a property management company in Bethesda, MD?

We’re here to help you accomplish many of your management goals. We can:

bethesda property management

Market your Bethesda property more effectively

Beautiful photos designed to showcase your property to full effect? Check. Modern marketing techniques geared toward getting the right individuals in your properties? We've got it covered.

Keep track of all of your rental documents more efficiently

It's time to make the shift to digital property management techniques, and we're here to help you do exactly that, converting your existing documents and creating an efficient record-keeping system that will make your documents easier to handle.

Caring for your property in the Bethesda area

It's not just about what we, as a property manager, can do for you specifically. We also genuinely care about your properties, from ensuring they receive the maintenance they need to keeping track of all of the details of organizing them.

Dedicated to You, Your Home & Its Residents

When you work with Nomadic Real Estate, you will get a dedicated team of property managers who are eager to handle all the details of your rental properties, removing much of the hassle from the scenario and helping you to get more out of your rental properties without added stress.

Our Four Steps of Rental Property Management

When we manage your Bethesda residential property, we’ll use a familiar four-step model that has helped us successfully manage many rental properties in the past, ensuring a smooth transition and keeping your property at the top of the competitive real estate rental market. 

Step One: Evaluation

Our experienced management team will take a look at your property and the area where it's located. We'll go over the monthly rates for local properties and set a competitive rate that will help encourage interested renters while maximizing the profits from your investment.

We aim to evaluate the area along with your specific property and its advantages to find a fair, reasonable rental rate that will ultimately spell the success of your investment.

Step Two: Readying the Property

By the time our team is done, your property will be ready and waiting for its first--or next--tenants. Our team will take care of all the details:

- Scheduling and evaluating property inspections on a new property
- Reading through the warranties and insurance to see who bears responsibility for making any important maintenance payments
- Sourcing contractors for improvements and going through estimates to ensure that you get the best rates for the best services
- Evaluating utility structures and other details of the property

Once we're done with your property, you'll be ready to hit the ground running with all of those important details taken care of. That means your tenants will be able to move in smoothly, with no problems that you'll have to race to deal with before an all-important deadline.

Step Three: Marketing

Once your property has passed all its inspections and the details have been taken care of, it's time to start marketing your property. We'll deck the property out to look its best, staging it perfectly to create a fantastic first impression from the moment interested renters look at the listing.

Then, we'll bring in our team of professional photographers. Our team will work together to craft an artistic visual tour of your property, letting interested renters see all the best attributes of the property in living color. Those advertisements are then run across a variety of channels to help you find the perfect renter for your property.

As applications come in, we put each potential renter through a meticulous background check, evaluating their financial position and past rental history to find the best renter for your property. We then carefully select the perfect tenant for your property, draft and execute the lease, and ensure that all the details are taken care of so that you don't have to worry about anything related to your rental property.

Step Four: Management

Our duties don't stop when we have successfully found a tenant for your rental property. Once the tenant has moved in, we take care of many of the most frustrating details of rental property management:

- Recurring maintenance, including finding the right provider and scheduling it with both you and the tenant so that no one is surprised--not to mention keeping up with those necessary maintenance tasks.
- Inspections of the property to help identify potential problems before they become more serious.
- Handling emergency situations no matter when they occur.

We understand Bethesda law as it relates to tenants, inspections, and maintenance, and we take care to always keep those laws at the forefront, whether it means dealing with an emergency immediately or rescheduling maintenance in accordance with the tenant's needs.

We want to keep you happy, make sure you stay on the sunny side of the law, and ensure that your tenants have a great rental experience so that they'll be more likely to stay with you long-term!

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See What our Clients & Their Residents Have To Say

I am a mortgage lender and we needed a lot of help with a mutual client. This company was helpful in providing documentation from my MANY request for weeks. Connor supplied every document we requested with kindness and was never frustrated. This is a great company. They provide great service to their clients!

five star review
Missy Padget

Nomadic Real Estate is a company that really does go above and beyond. I’m currently renting out a home in Georgetown, and having the help of Connor has been a real game changer for me. He takes care of the move-in process and gets any repairs needed at move-in taken care of quickly. Definitely recommend these guys!

five star review
Paula Davis

Time Management Matters When You Invest in Real Estate

When it comes to property management, time is often of the essence. At Nomadic Real Estate, we understand just how valuable your time is–and how much of it can be eaten up by rental property management. We strive to keep an eye on the clock as we deal with many of the responsibilities associated with your rental properties. As soon as you purchase a new rental property, we’ll start working with you to:

Market your property as quickly and effectively as possible. The more we spread the word about your open property, the better the odds that it will rent out fast–and that means that you will be able to quickly start making money on that property. We’ll bring in our team and set the stage for your new rental as soon as possible, then get it on the market fast.

Aim to keep good tenants in your properties. When you have a constant revolving door of tenants, it can be difficult to get the funds you need out of your investment. At Nomadic Real Estate, we prioritize choosing quality tenants so that you don’t have to worry about the state of your rental property or the potential state of your finances.

Try to minimize vacancies as much as possible. If your property is vacant, it isn’t making the money you intend for it to make. From the first moment we start working with your rental properties, we aim to get the right tenant in your property as soon as possible, increasing the funds you can make from your investment and ensuring that your time isn’t wasted. We facilitate showings, market your property heavily, and help move things along faster so that you can experience the advantages of your rental property sooner.

Make sure that you get high-quality tenants. It’s not just about ensuring that you have tenants who are likely to stay in your property long-term. It’s also about finding ideal tenants, increasing the odds that they will pay their rent on time, report any problems before they grow more serious, and take good care of the property to help protect your investment.

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Quick, Efficient Turnover Procedures

You can’t prevent turnover in a rental property. Sooner or later, even the best renters will likely decide to move on. That doesn’t mean, however, that you can’t make the best of it–and when you work with Nomadic Real Estate, you’ll get a team dedicated to making the turnover process as smooth as possible. We want to help you make as much money from your properties as possible, so so we: 

Handle move-out inspections and repairs. When a tenant moves out, you need to quickly turn the house around and get it ready to rent out again–and Nomadic Real Estate can help. We start with a quick inspection to get the house ready to go back on the market. Then, we’ll get repairs handled as quickly and smoothly as possible. We’ll consult with you along the way to check in about your budget and what improvements you might want to make to the property, then make sure those details are taken care of quickly and efficiently. 

Move tenants into the property quickly. The sooner you have new renters in your property, after all, the sooner it can start making money for you. 

Conduct move-in inspections. Not only do we inspect the property when the former renters move out, we’ll take a look as the new renters move in, ensuring that we take note of any potential problems with the property–and avoid any challenges later. We’ll also take pictures of any problems or damage. We also provide personalized move-ins to help make the transition faster and more effective for the tenant, which can often help streamline the process of getting that tenant in place and paying rent. 

Schedule repairs as soon as possible. Your tenants don’t want to live with potential problems in their properties, and you want to make sure your tenants have the best possible experience with your rental property. We take care of scheduling repairs as quickly as possible, not only to keep your tenants happy, but to ensure that minor issues don’t require more serious attention down the road. 

Keep track of damage to the property. Sometimes, your tenants will report damage that they caused to the property accidentally. Other times, problems beyond their control, including flooding and high winds, can cause serious damage to the property. We’ll check with you to authorize any needed repairs, then ensure that they’re taken care of in a timely way–especially when it comes to repairs that could make the home legally uninhabitable, causing trouble for both you and your tenants. 

Take photos of both damages and repairs along the way. We’ll keep a record of any damage to the home and any repairs that you make along the way, including photographic evidence if your tenant ever tries to claim that you did not take care of necessary repairs or that you left repairs longer than you should have. 

Conduct move-out inspections when these tenants are ready to move on. As the cycle begins again, we’ll make sure you and your property are protected, including identifying any problems with the property and taking care of the renter’s damage deposit. 

At Nomadic Real Estate, we prioritize keeping everything in working order at your properties and protecting your investment. As a result, we are ideally positioned to protect you legally and financially, as well as providing a record of everything that you’ve done to improve or repair the property for tax time. 

Legally Protecting Our Clients

When it comes to managing real estate, one of the most stressful aspects is often keeping up with changing laws and ensuring that all of your tenants’ rights are met. At Nomadic Real Estate, we heavily prioritize keeping up with the latest changes in property laws, including federal, state, and local statutes. We know all the details of fair housing laws and ensure that your properties are in compliance, which can help prevent you from running into legal trouble later. 

Since we keep track of those laws and maintain compliance for you, you won’t have to worry about potentially costly legal errors that could result in the loss of the funds you invested in real estate to build. Not only that, we keep track of all of the important records you may need to prove the efforts you’ve made on your tenants’ behalf, protecting you and your investments every step of the way.

At Nomadic Real Estate, we understand all the details that go into protecting your property. Have questions about our award-winning property management services or how to get started having us manage your residential property? Contact us today to learn more. 

Discover The Nomadic Difference

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  • Discover our white-glove property management services
  • Get a custom proposal to fit your unique needs and goals

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Enhanced Reporting

Your portal includes a selection of extremely useful reports. Reports are available in the “Reports” section, and are distinct from the financial statements. Unlike financial statements which are static records, Reports are dynamic real-time records that will update with current data every time you view them. 

Scroll down to learn more about Reports:

Navigate to the "Reports" module in your portal:

Owner Portal Reports
  • Keep in mind, these reports are dynamic records. They will refresh to display current information every time you view them. 

Enhanced Rent Roll Report:

Enhanced Rent Roll Report
  • The Enhanced Rent Roll Report will show the rent amount, last payment date, move-in date, lease expiration date, and security deposit amount for each of your tenants. 
  • It will also show a portfolio summary with occupancy percentage, vacancy loss, and more!

Unit Comparison Report:

Unit Comparison Report
  • If you own multiple units (or buildings) with Nomadic, you’ll get access to the Unit Comparison Report. 
  • This report enables you to quickly compare financial performance between your units at a glance without toggling between individual reports. 

Income Statement Month-Over-Month:

Income Statement by Month Report
  • The Income Statement Detail – Monthly Report serves as a month-over-month record of portfolio performance. You’ll see itemized income and expense categories and can track monthly. This report will update with fresh data every time you view it. 

Financial Statements

Financial statements will be published to your portal on a monthly basis. The statements are found in your Documents library, and provide a historical record of all financial performance. The statements serve as a snapshot of financial performance over a given period, and are static documents (unlike Reports, the statements do not update/change in real-time). 

Scroll down for more info about the Financial Statements in your Documents library:

The Documents area contains monthly financial statements:

Owner Portal Documents
  • The statements in the Documents are are static documents. They are posted to the portal once a month to serve as a historical record of financial performance. 

Download a statement to see month and YTD financials:

Owner Portal Property Statement

You'll also find a month-over-month operating statement:

Month over Month Statement

Portal Communication Tool

You can use your owner portal to communicate with our team. Any messages you send through the portal will go straight to your Account Manager. When we reply, you’ll get an email notification and you’ll also see the message in your portal next time you log in. 

Here’s an overview of using the communication platform:

Click "Communications" and navigate to "Conversations":

Commincation Dashboard Screenshot
  • The communications module will contain a record of all messages that you create through the portal. 

Click the "New Message" button and send your message:

Owner Portal New Message Screenshot

Responses will show up in the conversation ticket:

Portal Conversation Response Screenshot
  • You’ll get an email notification whenever you get a response, and you’ll also see the message in your portal next time you log in. 

You can reply in-line using the comment box:

Owner Portal Comment

Each conversation will be logged in its entirety:

Portal Conversation Snapshot

Understanding the Ledger

Your portal includes a ledger with all transactions. The ledger is populated with data in real-time as transactions flow through our accounting software. Much of this information is also available in the Reports area, as well as the Statements in your Documents library, but the ledger is the most comprehensive resource for diving into the details. 

Please scroll through the sections below to get a better understanding of how to interpret the ledger. 

By default, transactions are sorted chronologically:

Owner Ledger Dates
  • The date reflected in the lefthand column is the actual transaction date, not the “bill date”. This is the date the transaction was actually processed. 

If you have multiple properties with Nomadic, you'll see the address for each transaction in the "Location" column:

Ledger Property Column
  • You can filter the ledger to look at just one property, all properties, or specific sets of properties. 
  • If you only have one property with us, you’ll just see the ledger for that property. 

The Description column displays the transaction type:

Owner Ledger Description Column
  • BILL: this is an expense transaction, such as for repair costs or management fees.
  • CHARGE: this is a transaction  billed to the tenant, most typically a rent payment. 
  • NACHA EXPORT: this is a credit we processed to your distribution account. This type of transaction is how you get paid! 

The Amount column shows the dollar value of each transaction:

Owner Ledger Amount Column
  • Positive Amounts: if an amount is positive, it reflects a transaction that is payable to you. Typically, this will be a rent payment that we collected from your tenants. On occasion, a positive number could also signify a journal entry or credit adjustment. 
  • Negative Amounts:  if an amount is negative, this is a transaction that is either payable to Nomadic or is an amount that has already been paid to you. Typically this will be for repair costs or management/leasing fees. Owner draws (net distributions into your checking/savings account) also reflect as negative amounts, since they have already been paid to you. 

The Account Balance column shows a sum of positive/negative transactions at a given point in time:

Owner Ledger Account Balance Column
  • Account Balance should always equal zero after a net distribution has been processed. When the balance is zero, this means that all expenses have been paid and you’ve received the remainder as net operating income, leaving a balance of zero (meaning: no one is due any money, as all funds have been distributed appropriately). 

Navigating the Propertyware Owner Portal

Your portal includes some extremely useful features that help you understand your property’s financial performance at a new level, with real-time transparency into every transaction.

Scroll through the snapshots below for an overview of portal navigation! If you need more help or have specific questions about using the portal, you can reach out to your Account Manager any time for a screen share. 

You can filter all info by date range or property:

PW Portal Filters

View a snapshot of income and expenses on your dashboard:

PW Owner Dashboard View

See every transaction in real-time on your ledger:

Owner Portal Ledger View

Statements and forms will be posted to your documents library:

Owner Portal Document Library

View a suite of real-time financial reports:

Portal Reports View

See a running list of all bills, and drill down for more detail:

Owner Portal Bills View

Under Bill Details, you'll find dates/descriptions/amounts and more:

Portal Bill Details

You can also communicate with your Account Manager through the portal:

Owner Portal Communication Tools

How do net distributions work?

Net distributions keep your accounting clean and simple. Each month we’ll collect rent from the tenants, deduct any repair expenses for the previous month and any management/leasing fees for the current month, and credit the remaining net operating income to your account. 

Net Distribution

You’ll receive a statement via email each time a net distribution is processed, and can view all transaction details in your Propertyware owner portal.