We are very conscientious regarding money matters.
As rental property managers it is our solemn charge to keep close track on every cent of rent and each expense. All of us work relentlessly to ensure that each rental investor has the opportunity to see exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs in our profession: Rent Manager.
It is our practice 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 shows the rental income as well as any bills which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what monies we are holding on behalf of the rental property owner.
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 reports into a year-end statement. 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 give the 1099 to your tax preparer.
Pitt Mews Property Management Resources
Basics
Basic info about what property management in Pitt Mews.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Pitt Mews fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with property management services in Pitt Mews
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 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.
Should you understand more about the community?
Our Guide to Real Estate is a helpful tool for anyone who wants to learn more about Pitt Mews and nearby areas. The Guide to Real Estate includes facts about what has sold and what is for sale, and a few interesting facts that you might not know. And, our Guide features some elements of life in Pitt Mews. Yes, most of this is interesting for purchasers and sellers, but landlords and tenants will probably also find this information to be somewhat sobering.