We are very conscientious regarding fiduciary issues.
As rental property managers it is our solemn charge to reconcile every penny of income and each expense. All of us work diligently to ensure 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 software tools 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 rental income as well as any bills which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will describe what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, 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 property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Bolling_Brook_Towers Rental Management Resources
Basics
Basic info about what management services in Bolling_Brook_Towers.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in Bolling_Brook_Towers fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management in Bolling_Brook_Towers
Vetting
How Nesbitt Realty vets renters for property owners.
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 our community?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who wants to investigate real estate facts about Bolling_Brook_Towers and surrounding communities. The Guide to Real Estate has data about what has sold and what is currently listed, and many interesting facts that you may not know. Furthermore, our Guide highlights some assets of residing in Bolling_Brook_Towers. As a matter of course, all of this is helpful for buyers and sellers, but owners and renters will likely also find these resources to be somewhat useful.