We are extra serious about money matters.
As property managers it is our duty to reconcile every cent of rent and each expense. Our team work diligently to ensure that every real estate investor has the opportunity to know exactly where is money is going to and coming from. To accomplish this duty 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. Rents 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 rental investor's behalf. The monthly statement is also available electronically. The monthly report will show what funds we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements into a year-end report. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Old_town_se_quadrant Property Management Resources
Basics
Fundamental information regarding property management in Old_town_se_quadrant.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Old_town_se_quadrant fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management in Old_town_se_quadrant
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
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.
Should you understand more about our area?
Our Guide to Real Estate is a helpful resource for everyone who hopes to investigate real estate facts about Old_town_se_quadrant and surrounding areas. The Guide to Real Estate has information regarding what has sold and what is on the market, and many shocking facts that you may not know. Also, our Guide has some benefits of residing in Old_town_se_quadrant. Naturally, most of this is interesting for purchasers and sellers, but landlords and tenants will also find these tools to be quite sobering.