We are extremely attentive with fiduciary issues.
As property managers it is our duty to keep close track on every cent of rent and each expense. All of us work relentlessly to make sure that each rental property owner 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 programs in our profession: Rent Manager.
We usually 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 bills that we have paid on the landlord's behalf. The monthly statement is also available online. The statement will show what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Furthermore, 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 reports into a year-end report. In January we mail the rental property owners, 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.
Palazzo_at_park_center Property Management Resources
Basics
Basic info about what property management in Palazzo_at_park_center.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable tenant in Palazzo_at_park_center fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management in Palazzo_at_park_center
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 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.
Do you need understand more about our local real estate market?
Our Guide to Real Estate is a helpful tool for everyone who hopes to review important real estate information about Palazzo_at_park_center and surrounding areas. The Guide to Real Estate provides data about what has sold and what is currently listed, as well as a few surprising facts that you might not be aware of. And, our Guide features some benefits of residing in Palazzo_at_park_center. Yes, most of this is interesting for purchasers and sellers, but real estate investors and renters will likely also find this data to be somewhat useful.