We are extremely careful with fiduciary matters.
As property managers it is our duty to keep close track on every penny of income and each expense. Our team work hard to ensure that each real estate investor has the documentation to understand exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: Rent Manager.
It is our practice 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 states the rent received as well as any expenses which we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will describe what funds we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly reports into a year-end report. 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.
Glynalta_Park Property Management Resources
Basics
Fundamental info about what rental managment in Glynalta_Park.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a great renter in Glynalta_Park fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management in Glynalta_Park
Vetting
How Nesbitt Realty vets renters for our clients.
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.
Do you want know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who hopes to review important real estate information about Glynalta_Park and nearby areas. The Guide to Real Estate compiles data about what has sold and what is on the market, and many compelling facts that you may not be aware of. In addition, our Guide has many of the fundamentals of residing in Glynalta_Park. Of course, most of this is helpful for purchasers and sellers, but landlords and renters may also find this data to be very edifying.