We are extra attentive with money matters.
As property managers it is our solemn charge to account for every penny of income and each expense. All of us work hard to ensure that every landlord has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs 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 shows the rental income as well as any bills which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements 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.
Wellington_Commons Rental Management Resources
Basics
Basic information regarding property management in Wellington_Commons.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Wellington_Commons fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management services in Wellington_Commons
Vetting
How Nesbitt Realty vets tenants 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.
Should you know more about this local real estate market?
Our Guide to Real Estate is a handy resource for everyone who wants to learn more about Wellington_Commons and surrounding areas. The Guide to Real Estate provides facts about what has sold and what is currently listed, as well as a few interesting facts that you might not be aware of. Not to mention, our Guide spotlights quite a few of the elements of living in Wellington_Commons. Yes, most of this is helpful for buyers and sellers, but landlords and renters might also find these resources to be quite sobering.