We are extra serious about financial issues.
As rental managers it is our duty to keep close track on every penny of income and each expense. All of us work diligently to make sure that every landlord has the documentation to know exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful programs in the management business: 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 rental income as well as any expenses which we have paid on the property owner's behalf. The monthly statement is also available online. The monthly report will describe what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly reports into a year-end report. 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.
Gregory Heights Rental Management Resources
Basics
Fundamental info regarding rental managment in Gregory Heights.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a dependable renter in Gregory Heights fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with rental management services in Gregory Heights
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 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 our local real estate market?
Our Guide to Real Estate is a helpful tool for everyone who needs to find out more about Gregory Heights and nearby communities. The Guide to Real Estate provides facts regarding what has sold and what is for sale, as well as a few compelling facts that you might not be aware of. And, our Guide spotlights quite a few of the fundamentals of residing in Gregory Heights. Yes, most of this is interesting for purchasers and sellers, but real estate investors and renters will also find the facts to be quite informative.