We are especially meticulous with money matters.
As rental property managers it is our solemn charge to reconcile every penny of income and each expense. Our team work relentlessly to ensure that each rental property owner has the documentation to see exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful programs in the management business: Rent Manager.
We strive 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 shows the rent received as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available online. The statement will show what monies we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end statement. 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.
Runnymeade Property Management Resources
Basics
Fundamental information regarding management services in Runnymeade.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Runnymeade fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management in Runnymeade
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 know more about this local real estate market?
Our Guide to Real Estate is a helpful resource for everyone who needs to review important real estate information about Runnymeade and surrounding communities. The Guide to Real Estate has information about what has sold and what is for sale, and a couple of interesting facts that you might not be aware of. Not to mention, our Guide highlights many of the benefits of living in Runnymeade. Naturally, all of this is interesting for buyers and sellers, but rental investors and tenants might also find the facts to be very eye-opening.