We are extremely precise about money details.
As rental managers it is our solemn charge to account for every penny of income and each expense. All of us work diligently to make sure that every landlord has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful programs in our profession: Rent Manager.
We always try 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 states the rent received as well as any expenses which we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will show what reserves we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up 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 report. In January we send to the property owners, 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.
Colchester Towne Condo Rental Management Resources
Basics
Elementary information about what management services in Colchester Towne Condo.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable tenant in Colchester Towne Condo fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management in Colchester Towne Condo
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
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 want understand more about our area?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who needs to learn more about Colchester Towne Condo and neighboring areas. The Guide to Real Estate includes information about what has sold and what is currently listed, as well as some surprising facts that you might not be aware of. In addition, our Guide spotlights quite a few of the aspects of living in Colchester Towne Condo. As a matter of course, most of this is helpful for purchasers and sellers, but property owners and tenants might also find the facts to be somewhat enlightening.