We are extra meticulous with financial details.
As rental property managers it is our duty to keep close track on every penny of rent and each expense. Our staff work diligently to make sure that each rental property owner has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs in the management business: Rent Manager.
We usually 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 rent received as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available online. 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. Not to mention, 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 statement. In January we mail the rental investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Westgate Rental Management Resources
Basics
Elementary information about what rental managment in Westgate.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Westgate fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with rental management in Westgate
Vetting
How Nesbitt Realty vets tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 the local real estate market?
Our Guide to Real Estate is a helpful resource for everyone who needs to learn more about Westgate and neighboring communities. The Guide to Real Estate has facts about what has sold and what is for sale, and many interesting facts that you might not be aware of. Not to mention, our Guide highlights some aspects of life in Westgate. Of course, most of this is helpful for buyers and sellers, but property owners and tenants may also find these resources to be somewhat edifying.