We are very careful with money issues.
As rental property managers it is our solemn charge to account for every cent of rent and each expense. Our staff work relentlessly to ensure that every property owner has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful software tools in the management business: Rent Manager.
It is our practice to 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 shows the rent received as well as any bills that we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The statement will show what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end statement. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
The_Middleton Rental Management Resources
Basics
Fundamental info regarding property management in The_Middleton.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable tenant in The_Middleton fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with property management services in The_Middleton
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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.
Should you know more about the area?
Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who wants to learn more about The_Middleton and neighboring areas. The Guide to Real Estate provides data about what has sold and what is currently listed, and many compelling facts that you may not be aware of. In addition, our Guide features quite a few of the fundamentals of residing in The_Middleton. Definitely, all of this is interesting for purchasers and sellers, but landlords and tenants will also find these tools to be somewhat useful.