We are especially precise about fiduciary details.
As property managers it is our duty to reconcile every cent of rent and each expense. All of us work relentlessly to ensure that every landlord has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful software tools in our profession: 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 rental income as well as any expenses which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly 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. 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 compile the monthly reports into a year-end statement. In January we mail the property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Greens_Steam Property Management Resources
Basics
Fundamental info about what rental managment in Greens_Steam.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in Greens_Steam fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of property management services in Greens_Steam
Vetting
How Nesbitt Realty vets tenants 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.
Do you want know more about this community?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who needs to investigate real estate facts about Greens_Steam and nearby communities. The Guide to Real Estate provides facts about what has sold and what is currently listed, as well as a couple of interesting facts that you might not know. Furthermore, our Guide spotlights many of the fundamentals of life in Greens_Steam. As might be expected, most of this is helpful for buyers and sellers, but real estate investors and renters may also find these tools to be quite eye-opening.