We are extremely attentive with fiduciary issues.
As property managers it is our duty to keep close track on every penny of rent and each expense. All of us work diligently to ensure that every rental investor has the documentation to know exactly where is income is going to and coming from. To accomplish this task we employ 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 states the rent received as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will show what funds we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end statement. In January we send to the landlords, 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.
Cameron_knolls Property Management Resources
Basics
Fundamental info regarding management services in Cameron_knolls.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable renter in Cameron_knolls fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of fees associated with property management services in Cameron_knolls
Vetting
How Nesbitt Realty checks the backgrounds of tenants 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 the area?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who hopes to learn more about Cameron_knolls and nearby communities. The Guide to Real Estate provides facts about what has sold and what is on the market, and a couple of shocking facts that you might not be aware of. In addition, our Guide spotlights quite a few of the elements of living in Cameron_knolls. Definitely, all of this is useful for buyers and sellers, but property owners and renters will also find these tools to be very useful.