We are extra attentive with fiduciary matters.
As property managers it is our duty to account for every penny of rent and each expense. All of us work relentlessly to make sure that each real estate investor has the documentation to know exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful software tools 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 real estate investor's behalf. The monthly statement is also available online. The monthly report will show what reserves 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 marks up the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly reports into a year-end statement. In January we mail the landlords, 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.
Manchester_lakes Rental Management Resources
Basics
Basic info about what rental managment in Manchester_lakes.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable tenant in Manchester_lakes fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of property management services in Manchester_lakes
Vetting
How Nesbitt Realty vets renters for landlords.
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 this community?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who wants to find out more about Manchester_lakes and surrounding areas. The Guide to Real Estate includes information about what has sold and what is for sale, as well as a couple of interesting facts that you might not be aware of. Not to mention, our Guide has some aspects of residing in Manchester_lakes. Yes, most of this is helpful for purchasers and sellers, but property owners and tenants might also find this data to be quite eye-opening.