We are extremely serious about fiduciary details.
As rental property managers it is our duty to reconcile every penny of income and each expense. All of us work hard to ensure that each rental investor has the documentation to know exactly where is income is going to and coming from. To accomplish this duty we employ 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 bills that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will show what reserves we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end statement. In January we send to the rental 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.
Stratford_Place_At_Kingstowne Rental Management Resources
Basics
Basic info regarding management services in Stratford_Place_At_Kingstowne.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable tenant in Stratford_Place_At_Kingstowne fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of rental management in Stratford_Place_At_Kingstowne
Vetting
How Nesbitt Realty vets renters for landlords.
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.
Should you understand more about this local real estate market?
Our Guide to Real Estate is a free tool for anyone who hopes to find out more about Stratford_Place_At_Kingstowne and neighboring communities. The Guide to Real Estate includes information regarding what has sold and what is currently listed, as well as a few surprising facts that you may not be aware of. Furthermore, our Guide features many of the aspects of living in Stratford_Place_At_Kingstowne. Of course, most of this is interesting for buyers and sellers, but landlords and renters will also find these tools to be very informative.