We are extra conscientious regarding fiduciary matters.
As rental property managers it is our solemn charge to keep close track on every cent of income and each expense. Our staff work diligently to ensure that each rental property owner has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we work with 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 rental income as well as any expenses that we have paid on the property owner's behalf. The monthly statement is also available online. The monthly statement will describe what monies we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never marks up 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 landlords, 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.
Manors At Stonegate Property Management Resources
Basics
Basic information regarding management services in Manors At Stonegate.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Manors At Stonegate fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management services in Manors At Stonegate
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 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 community?
Our Guide to Real Estate is a helpful tool for anyone who wants to review important real estate information about Manors At Stonegate and nearby communities. The Guide to Real Estate compiles information about what has sold and what is currently listed, as well as some interesting facts that you may not know. Furthermore, our Guide spotlights many of the elements of living in Manors At Stonegate. Yes, most of this is interesting for purchasers and sellers, but property owners and tenants might also find this data to be quite informative.