We are extremely meticulous with money issues.
As property managers it is our duty to reconcile every penny of rent and each expense. All of us work relentlessly to ensure that each landlord has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful software tools in our profession: Rent Manager.
We usually process and deposit rents on the same day they are received. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rent received as well as any expenses that we have paid on the property owner's behalf. The monthly statement is also available online. The statement will show what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Carrington_Estates Property Management Resources
Basics
Elementary info about what management services in Carrington_Estates.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Carrington_Estates fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management in Carrington_Estates
Vetting
How Nesbitt Realty vets renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage property?
Clients
Who uses Nesbitt Realty management services?
Your investment in real estate is a business like any other. As a landlord, you have expenses, income and with perseverance, you also have the expectation of financial reward.
In the business of real estate investment, nearly all cashflow comes from tenants. And that's the catch: If you have tenants, you will have problems. Even the best of tenants have needs and all properties will require maintenance or management at some point. A property management company takes all the hassle out of rental management.
Do you need know more about this local real estate market?
Our Guide to Real Estate is a handy resource for everyone who hopes to investigate real estate facts about Carrington_Estates and nearby communities. The Guide to Real Estate has data about what has sold and what is for sale, and many surprising facts that you might not be aware of. And, our Guide spotlights some elements of life in Carrington_Estates. Certainly, most of this is useful for buyers and sellers, but rental investors and tenants should also find these tools to be somewhat eye-opening.