Potomac Property Management. Streamlined

Renting your home out is a pursuit full of stress, but a Potomac property management company can make the entire process easier. These services ensure you end up with suitable tenants in your house or apartment while taking care of the day-to-day work associated with it. The result is a worry-free experience at your rental property. 

Nomadic Real Estate offers property management services in Potomac, Md. We have over 15 years of experience in D.C. and surrounding areas, providing you peace of mind as we secure renters and care for your property. Call us at 202-223-9019 or contact us today to get started. 

Property Management in Potomac, MD 1

What Nomadic Real Estate Does for Property Owners

Our services cover every aspect of your rental property, from start to finish. Nomadic Real Estate offers turnkey property management services in Potomac, MD, putting the right people in your home and eliminating the most challenging parts of the process. 

Get to Know Your Potomac Property

We'll begin by learning a bit about your home's quirks, so we can set a price and start showing it to interested renters. Members of the Nomadic Real Estate team will visit the property and do a walk-through before determining a cost. Our team will then create virtual tours and 3D renderings to attract interest and handle the rest of the advertising process.

Collecting Rent in Potomac

Rent collection is a hassle for landlords, because it feels like you’re always chasing tenants for payment. Nomadic Real Estate will collect rent for you using ACH Direct Debit and deposit the money directly into your bank account.

Tenant Screening

Potential tenants will begin contacting us quickly after the advertising goes up, but we’re equipped to handle it. Nomadic Real Estate will conduct background checks, read all the applications, and answer any questions that arise. We’ll then negotiate terms and execute the lease once we find a suitable renter.

Move-In and Move-Out

Your tenants could eventually move on, but not to worry, because Nomadic Real Estate is on the job. We offer a strategic turnover service that includes a full inspection of the property whenever someone moves out, complete with pictures, so we know what kind of shape the home is in. Our team can then deal with any necessary repairs and improvements before new renters arrive.

Property Maintenance and Management

Continual maintenance is essential, because it keeps the home in good overall shape. Nomadic Real Estate can take care of your maintenance, along with handling any emergency and non-emergency repairs. This service also ensures you’re always in compliance with local regulations.

The team at Nomadic Real Estate features a large team of skilled members who know the Potomac area inside and out. We offer professional property management services throughout this area, aiming to provide you with a solid return on your investment property. Contact us today to learn more.

Why Nomadic Real Estate Is the Choice for You

Those seeking Potomac property management will have a few options available, but none know this area like Nomadic Real Estate. We offer our clients:

  • Guaranteed performance
  • Over 15 years of local experience
  • Less than 0.1% eviction rate
  • Zero renewal fees
  • More than 96% occupancy rate

We’ve helped over 3,000 landlords in the Metro D.C. area maximize the returns on their investment properties, and we can do the same for you.

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What Potomac, MD homeowners are saying:

I’ve been trying to find a property management company I could trust for years and I finally stumbled across Nomadic. Jenna made sure that all the photos of my property were professional and that the floorplan looked great. Plus, she helped set up a virtual tour! Since then, I’ve had no worries about maintaining and managing the home I rent out. I can’t recommend these guys enough!

five star review
Peggy Mueller

This is the 2019 update of what I've been writing time and again: Nomadic is excellent, professional and efficient! Managing my property since 2013, Nomadic dealt with all situations with utmost care and efficacy. Be it time to find a new tenant, to fix an appliance or to prepare the property for a move in, Nomadic scores the highest. I'm fortunate to have Nomadic taking care of property, my life's savings. I count on Nomadic and it gives me peace of mind.

five star review
Eduardo Castro

Nomadic Real Estate Is Potomac’s Trusted Property Management Team

There are few benefits to handling your own property management when you have a skilled, experienced team nearby. Nomadic Real Estate focuses on the client, allowing us to offer the most comprehensive Potomac property management experience available. 

We’ll work around to clock to keep your rental property in optimal shape at all times. Contact Nomadic Real Estate today for additional information. 

All-Inclusive Property Management in Montgomery County

A good property management company can help keep tenants and customers happy, and with zero upfront costs and zero renewal fees, Nomadic Real Estate is proven to be Potomac, Maryland’s choice for residential real estate leasing. We have customers all over the world, but we have always maintained our personal, handcrafted approach to property management. 

If you are a business owner or real estate investor in Potomac, Nomadic Real Estate is ready and waiting to help your investment grow and flourish. 

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Discover the Nomadic Difference

When you work with Nomadic Real Estate, you are working with a team that cares about you. We take our jobs very seriously, and work 24/7 so you can enjoy life rather than worrying about the ins and outs of paperwork, data collection, and property maintenance. 

As part of the Nomadic Difference, we promise to:

  • Always care about your property as if it was our own.
  • Handle your data effectively.
  • Market your property to the best of our ability so it always looks beautiful and well-presented.
  • Maintain a professional relationship between you and your tenants.

We promise to provide you with the tools to enjoy your investment, not worry about the numerous small details that go into real estate investing and maintenance. Our full- service team of Potomac, MD property management professionals handle all your needs, armed with transparent communication and a devotion to seeing customers succeed.

Our Potomac, Maryland Property Management Team Is Serious About Every Detail

Don’t wait any longer! If you have any questions about property management in Potomac, or wish to learn more about all the services provided by Nomadic Real Estate, contact us today. We can’t wait to speak with you about your property management goals!

Learn What Sets Nomadic Apart:

  • Maintaining positive relationships with tenants
  • Providing 24/7 emergency maintenance
  • Taking care of non-emergency work orders promptly
  • Coordinating lease renewals
  • Providing a quick rent debit and deposit turnaround

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Property Management in Potomac, MD 2
2018 Inc. 5000 List
Voted Best Property Manager in DC Badge
Top Company Cultures Award Best Company 2018
Equal Opportunity Housing

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We believe that through providing honest, responsive services built on sustainable business practices, everyone wins. Discover the Nomadic Experience, start with a free evaluation:
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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.