We are very meticulous with money issues.
As rental property managers it is our solemn charge to reconcile every penny of rent and each expense. All of us work hard to make sure that each rental property owner has the opportunity to see exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs in the management business: Rent Manager.
We usually 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 which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The statement will describe what reserves we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end statement. In January we mail the property owners, 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.
Bren_Mar_Park Property Management Resources
Basics
Fundamental info about what management services in Bren_Mar_Park.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Bren_Mar_Park fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with rental management services in Bren_Mar_Park
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
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.
Do you need understand more about our area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who wants to investigate real estate facts about Bren_Mar_Park and surrounding areas. The Guide to Real Estate provides facts regarding what has sold and what is for sale, and many compelling facts that you might not know. In addition, our Guide highlights quite a few of the elements of residing in Bren_Mar_Park. Of course, most of this is useful for purchasers and sellers, but landlords and tenants might also find this data to be very useful.