We are extremely attentive with fiduciary details.
As rental managers it is our solemn charge to keep close track on every penny of rent and each expense. All of us work relentlessly to make sure that every property owner has the documentation to know exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: Rent Manager.
We strive 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 shows the rental income as well as any expenses which we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly report will describe what funds 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 property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Birdie_May_Mason Property Management Resources
Basics
Basic information regarding rental managment in Birdie_May_Mason.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Birdie_May_Mason fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of rental management services in Birdie_May_Mason
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 want understand more about this local real estate market?
Our Guide to Real Estate is a free resource for anyone who needs to investigate real estate facts about Birdie_May_Mason and surrounding areas. The Guide to Real Estate provides facts about what has sold and what is currently listed, and a few surprising facts that you might not know. In addition, our Guide has many of the fundamentals of residing in Birdie_May_Mason. Naturally, all of this is interesting for purchasers and sellers, but rental investors and tenants will probably also find these resources to be quite informative.