We are especially conscientious regarding money issues.
As property managers it is our duty to account for every cent of income and each expense. All of us work diligently to make sure that each real estate investor has the opportunity to see exactly where is income is going to and coming from. To accomplish this duty we work with 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 bills that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will describe what funds we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report. In January we send to the real estate 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.
Sulgrave Manor Property Management Resources
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 resource for everyone who wants to find out more about Sulgrave Manor and surrounding areas. The Guide to Real Estate includes facts regarding what has sold and what is for sale, as well as a few interesting facts that you may not be aware of. Furthermore, our Guide highlights quite a few of the fundamentals of living in Sulgrave Manor. Of course, all of this is interesting for purchasers and sellers, but property owners and renters will also find these resources to be quite enlightening.