We are especially precise about money matters.
As rental managers it is our solemn charge to reconcile every penny of rent and each expense. All of us work diligently to ensure that each real estate investor has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: Rent Manager.
We strive 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 real estate investor's behalf. The monthly statement is also available electronically. The statement will describe what reserves we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Furthermore, 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 send to the rental property owners, 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.
Landsdowne Rental Management Resources
Basics
Elementary info regarding property management in Landsdowne.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Landsdowne fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of rental management services in Landsdowne
Vetting
How Nesbitt Realty vets tenants for our clients.
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 know more about our area?
Our Guide to Real Estate is a free tool for everyone who hopes to find out more about Landsdowne and neighboring areas. The Guide to Real Estate compiles facts regarding what has sold and what is currently listed, and a couple of interesting facts that you might not know. And, our Guide highlights some assets of living in Landsdowne. Of course, most of this is useful for purchasers and sellers, but landlords and renters may also find these tools to be very sobering.