We are extra careful with fiduciary details.
As rental property managers it is our solemn charge to reconcile every cent of income and each expense. Our staff work diligently to ensure that every landlord 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 programs in the management business: Rent Manager.
We usually 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 shows the rent received as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly statement will describe what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Furthermore, 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 send to the rental investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Auburn_Village Property Management Resources
Basics
Fundamental info regarding rental managment in Auburn_Village.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable tenant in Auburn_Village fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of property management services in Auburn_Village
Vetting
How Nesbitt Realty vets tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 want understand more about this community?
Our Guide to Real Estate is a helpful tool for anyone who needs to investigate real estate facts about Auburn_Village and neighboring communities. The Guide to Real Estate has information regarding what has sold and what is for sale, and some interesting facts that you may not be aware of. Not to mention, our Guide spotlights some fundamentals of life in Auburn_Village. Definitely, all of this is interesting for buyers and sellers, but rental investors and tenants should also find this information to be somewhat useful.