We are extremely careful with financial issues.
As property managers it is our solemn charge to keep close track on every cent of income and each expense. Our staff work hard to ensure that each property owner has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful programs in our profession: Rent Manager.
We always try 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 bills which we have paid on the real estate investor's behalf. The monthly statement is also available online. The statement will describe what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, 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 report. In January we mail the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Heritage_Hill_of_Alexand Property Management Resources
Basics
Fundamental info regarding property management in Heritage_Hill_of_Alexand.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Heritage_Hill_of_Alexand fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of fees associated with rental management services in Heritage_Hill_of_Alexand
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
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.
Do you want understand more about the area?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who wants to find out more about Heritage_Hill_of_Alexand and surrounding communities. The Guide to Real Estate compiles data regarding what has sold and what is on the market, as well as many compelling facts that you might not be aware of. Also, our Guide highlights some benefits of living in Heritage_Hill_of_Alexand. As a matter of course, most of this is helpful for buyers and sellers, but landlords and renters will likely also find this data to be somewhat informative.