We are very serious about fiduciary details.
As rental managers it is our duty to reconcile every cent of rent and each expense. All of us work diligently to make sure that each rental property owner has the opportunity to know exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools 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 rent received as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly report will describe what monies we are holding on behalf of the real estate investor.
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 reports into a year-end statement. In January we mail the property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Bush Hill Woods Rental Management Resources
Basics
Elementary info regarding management services in Bush Hill Woods.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Bush Hill Woods fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management services in Bush Hill Woods
Vetting
How Nesbitt Realty checks the backgrounds of 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 our local real estate market?
Our Guide to Real Estate is a helpful tool for everyone who wants to learn more about Bush Hill Woods and neighboring communities. The Guide to Real Estate includes information regarding what has sold and what is for sale, as well as a few interesting facts that you might not be aware of. And, our Guide features many of the aspects of living in Bush Hill Woods. Of course, most of this is useful for buyers and sellers, but real estate investors and tenants might also find this information to be very sobering.