We are especially meticulous with accounting details.
As rental managers it is our duty to account for every cent of rent and each expense. Our staff work relentlessly to ensure that every landlord has the opportunity to see exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools in the management business: Rent Manager.
We strive 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 shows the rent received as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available online. The monthly report will describe what reserves we are holding on behalf of the property owner.
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 rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Parkside Property Management Resources
Basics
Elementary info about what rental managment in Parkside.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Parkside fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management services in Parkside
Vetting
How Nesbitt Realty vets tenants for landlords.
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 want know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who hopes to learn more about Parkside and surrounding communities. The Guide to Real Estate compiles facts regarding what has sold and what is on the market, as well as some compelling facts that you may not know. Not to mention, our Guide highlights many of the elements of life in Parkside. Definitely, all of this is useful for buyers and sellers, but real estate investors and tenants will likely also find these tools to be very eye-opening.