We are especially conscientious regarding fiduciary issues.
As property managers it is our solemn charge to keep close track on every penny of income and each expense. Our team work diligently to ensure that each real estate investor has the documentation to understand 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 that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly report will describe what funds 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. At the end of the year, we organize the monthly reports into a year-end statement. In January we send to the landlords, 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.
Fort_Ellsworth Rental Management Resources
Basics
Fundamental info about what rental managment in Fort_Ellsworth.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Fort_Ellsworth fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management in Fort_Ellsworth
Vetting
How Nesbitt Realty vets tenants for landlords.
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.
Should you know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who needs to review important real estate information about Fort_Ellsworth and nearby areas. The Guide to Real Estate compiles data about what has sold and what is currently listed, and many shocking facts that you might not know. And, our Guide features some elements of living in Fort_Ellsworth. As a matter of course, most of this is interesting for buyers and sellers, but property owners and tenants will likely also find these tools to be very eye-opening.