Top Rockville MD Property Management Company

The real estate market has been accelerating at a rapid pace in recent years, and many Maryland residents are taking the next step by searching for property management services in Rockville. Whether you are looking to invest in your first property or expand your business into multiple buildings, there are plenty of opportunities for savvy-minded professionals to succeed in the industry.

There are several property management companies in Maryland, but it is important to find the one that will check every box and help you succeed. Here are some important things to consider when choosing the right team to handle your investment. 

rockville md

How Does Property Management Work?

Property management is an all-inclusive approach to renting and managing your residential or commercial property. There are four stages to property management, each step including a wide range of services and solutions:

Step 1: Evaluation and Investing

Your property management team should thoroughly research the area where you are considering listing your rental. You will need to know the ins and outs of the market in order to determine what rental fee to charge.

Step 2: Repairs and Updates

A good property management team will be able to do a complete evaluation on your rental property, planning and scheduling any necessary repairs or upgrades so that your property is the most appealing on the market.

Step 3: Staging and Leasing

Property management enters a new phase when it is time to prepare your property for listing. Your team will stage and execute appealing, artistic photos of your space to ensure it is an attractive place for tenants to call home. After the dotted lines are signed, your property management team will continue to handle the ins and outs of the lease agreement, making sure all questions are answered in a timely, professional manner.

Step 4: On-going Management Services

Once a tenant moves in, your property management team will be able to handle any and all concerns that might come up, including emergency services and recurring maintenance. They should also help identify any small or potential problems before they become serious, saving you a boatload of time, stress, and cash. Your property management team should be able to handle all the above with ease, making all of your investments work for you. Fortunately, you don't have to look too far to find one company that can do it all.

What Can Nomadic Do for Me?

Residents of Rockville and the surrounding areas have been turning to Nomadic Real Estate for all-inclusive property management solutions for more than a decade. Our team of professionals knows that good property management doesn’t end when the lease is signed, and will work around the clock to both protect your investment and nourish it as well. We will put our fifteen years of expertise to work for you with a streamlined, stress-free property management experience. 

What 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

Let Us Take on Your Property Management

Nomadic Real Estate understands the importance of establishing trust with customers, whether you own residential apartments or large investment properties. We handle the challenging parts of property management, including emergency maintenance issues, tenant screening, and ensuring that rent is paid on time.

Our courteous, caring team will provide you peace of mind all while maintaining a professional relationship between you and your tenants. We also have established connections with many area contractors and artisans, meaning you will always get the very best rate on any repairs or upgrades necessary. 

All-Inclusive Property Management for All Customers

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 Rockville’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 Rockville, Maryland, Nomadic Real Estate is ready and waiting to help your investment grow and flourish. 

Property Owners in Rockville Love Nomadic

Nomadic Real Estate has been in business for over 15 years, and we have formed relationships with many business owners and investors in the Maryland area. Many of our satisfied clients have even left us reviews, so you can learn about our commitment to service firsthand. 

We are 100 percent committed to making sure our customers succeed. For Nomadic Real Estate, the customer always comes first, and we are proud to say that our clients count us as friends as well as business associates. 

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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 Rockville property management professionals handle all your needs, armed with transparent communication and a devotion to seeing customers succeed.

Other locations we operate in:

Our Rockville MD Team Is Serious About Every Detail

Don’t wait any longer! If you have any questions about property management in Rockville, 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:

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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:

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

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:

  • 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:

  • 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:

  • 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:

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

  • 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:

Responses will show up in the conversation ticket:

  • 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:

Each conversation will be logged in its entirety:

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:

  • 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:

  • 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:

  • 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:

  • 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:

  • 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:

View a snapshot of income and expenses on your dashboard:

See every transaction in real-time on your ledger:

Statements and forms will be posted to your documents library:

View a suite of real-time financial reports:

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

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

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

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. 

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.