We are very meticulous with fiduciary issues.
As rental property managers it is our solemn charge to account for every cent of rent and each expense. All of us work diligently to make sure that each real estate investor has the documentation to understand exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful programs in our profession: Rent Manager.
We always try 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 rent received as well as any bills which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The statement will describe what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. And, 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 rental 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.
Beverly_Park Property Management Resources
Basics
Elementary info about what management services in Beverly_Park.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Beverly_Park fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management services in Beverly_Park
Vetting
How Nesbitt Realty vets renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 know more about this area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who hopes to learn more about Beverly_Park and neighboring communities. The Guide to Real Estate compiles facts regarding what has sold and what is currently listed, and some compelling facts that you may not be aware of. Not to mention, our Guide highlights quite a few of the assets of living in Beverly_Park. Of course, most of this is helpful for purchasers and sellers, but property owners and renters will likely also find this data to be very informative.