We are extremely serious about fiduciary matters.
As rental property managers it is our solemn charge to reconcile every penny of rent and each expense. All of us work hard to ensure that each real estate investor has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task 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. 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 rental property owner's behalf. The monthly statement is also available online. The statement will describe what monies we are holding on behalf of the real estate investor.
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 compile the monthly statements into a year-end statement. In January we mail the rental 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.
Parkside_at_alexandria Rental Management Resources
Basics
Basic information regarding management services in Parkside_at_alexandria.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable renter in Parkside_at_alexandria fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management services in Parkside_at_alexandria
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
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.
Should you understand more about our community?
Our Guide to Real Estate is a handy tool for anyone who hopes to investigate real estate facts about Parkside_at_alexandria and surrounding areas. The Guide to Real Estate includes facts about what has sold and what is currently listed, and many shocking facts that you might not know. Not to mention, our Guide features some benefits of life in Parkside_at_alexandria. Certainly, most of this is interesting for purchasers and sellers, but real estate investors and renters will also find the facts to be somewhat sobering.