We are very conscientious regarding money matters.
As property managers it is our solemn charge to reconcile every cent of rent and each expense. Our team work diligently to make sure that every real estate investor has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful software tools in the management business: Rent Manager.
It is our practice 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 bills that we have paid on the rental property owner's behalf. The monthly statement is also available online. The statement will describe what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly reports into a year-end report. In January we mail the rental investors, 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.
Carlyle District Rental Management Resources
Basics
Basic information regarding rental managment in Carlyle District.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Carlyle District fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of property management services in Carlyle District
Vetting
How Nesbitt Realty vets 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.
Do you need know more about our local real estate market?
Our Guide to Real Estate is a helpful tool for anyone who needs to review important real estate information about Carlyle District and neighboring areas. The Guide to Real Estate includes information regarding what has sold and what is currently listed, as well as a couple of surprising facts that you may not know. In addition, our Guide has many of the benefits of life in Carlyle District. Of course, all of this is interesting for purchasers and sellers, but rental investors and renters may also find this information to be very enlightening.