We are extra careful with fiduciary matters.
As property managers it is our duty to keep close track on every penny of income and each expense. Our staff work hard to ensure that every rental investor has the documentation to understand exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful programs in the management business: Rent Manager.
We usually 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 landlord's behalf. The monthly statement is also available online. The monthly statement will describe what funds we are holding on behalf of the rental property owner.
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. Annually, we organize the monthly reports into a year-end report. In January we send to the landlords, 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.
Sulgrave Manor Property Management Resources
Basics
Basic information regarding management services in Sulgrave Manor.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Sulgrave Manor fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management services in Sulgrave Manor
Vetting
How Nesbitt Realty vets renters for property owners.
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 the area?
Our Guide to Real Estate is a helpful tool for everyone who needs to find out more about Sulgrave Manor and neighboring areas. The Guide to Real Estate has facts regarding what has sold and what is on the market, and a few compelling facts that you might not be aware of. Also, our Guide features quite a few of the elements of residing in Sulgrave Manor. Yes, all of this is useful for buyers and sellers, but landlords and renters will also find this information to be somewhat edifying.