We are extra serious about fiduciary details.
As rental property managers it is our solemn charge to keep close track on every cent of income and each expense. Our staff work hard to make sure that every rental investor has the opportunity to know exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in the management business: Rent Manager.
We always try 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 bills that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what reserves we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up 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 rental property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Jefferson Manor Rental Management Resources
Basics
Elementary info regarding rental managment in Jefferson Manor.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a dependable renter in Jefferson Manor fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with property management services in Jefferson Manor
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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.
Do you want understand more about the local real estate market?
Our Guide to Real Estate is a handy resource for everyone who wants to find out more about Jefferson Manor and neighboring communities. The Guide to Real Estate includes information about what has sold and what is for sale, as well as a few surprising facts that you may not be aware of. And, our Guide highlights many of the elements of life in Jefferson Manor. Naturally, all of this is helpful for purchasers and sellers, but rental investors and renters should also find the facts to be very useful.