We are very attentive with financial matters.
As rental managers it is our solemn charge to reconcile every cent of income and each expense. Our team work hard to ensure that each real estate investor has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful programs in the management business: Rent Manager.
We strive to process and deposit rents on the same day they are received. Funds are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rental income as well as any bills that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will describe what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we send to the real estate investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Northampton_Place Property Management Resources
Basics
Fundamental info about what rental managment in Northampton_Place.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Northampton_Place fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management services in Northampton_Place
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 our area?
Our Guide to Real Estate is a free tool for everyone who hopes to learn more about Northampton_Place and nearby areas. The Guide to Real Estate provides facts about what has sold and what is for sale, as well as some compelling facts that you may not know. Also, our Guide highlights many of the elements of residing in Northampton_Place. Of course, all of this is helpful for buyers and sellers, but real estate investors and tenants will probably also find these resources to be quite informative.