We are extra conscientious regarding money matters.
As property managers it is our solemn charge to reconcile every penny of income and each expense. All of us work relentlessly to make sure that each landlord has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful programs in our profession: 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 rent received as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available online. The statement will describe what funds 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 marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end report. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Old Town Court Property Management Resources
Basics
Fundamental info regarding property management in Old Town Court.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable renter in Old Town Court fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of property management services in Old Town Court
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
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.
Should you understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who wants to learn more about Old Town Court and neighboring communities. The Guide to Real Estate has facts about what has sold and what is on the market, and some surprising facts that you might not be aware of. In addition, our Guide features many of the benefits of life in Old Town Court. As a matter of course, all of this is interesting for purchasers and sellers, but property owners and renters will probably also find this data to be very enlightening.