We are extremely conscientious regarding money issues.
As rental property managers it is our duty to keep close track on every penny of income and each expense. All of us work hard to make sure that every landlord has the documentation to know exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in the management business: Rent Manager.
We always try 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 rental income as well as any bills that we have paid on the rental 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 rental investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we send to 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.
Riverside Estates Property Management Resources
Basics
Fundamental info about what management services in Riverside Estates.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Riverside Estates fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management services in Riverside Estates
Vetting
How Nesbitt Realty vets renters for property owners.
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 this area?
Our Guide to Real Estate is a free resource for everyone who hopes to investigate real estate facts about Riverside Estates and nearby areas. The Guide to Real Estate provides data about what has sold and what is for sale, as well as a couple of interesting facts that you might not be aware of. Furthermore, our Guide has quite a few of the fundamentals of residing in Riverside Estates. As might be expected, most of this is helpful for purchasers and sellers, but rental investors and tenants will also find this information to be somewhat enlightening.