We are extra conscientious regarding financial matters.
As property managers it is our solemn charge to account for every penny of rent and each expense. Our team work hard to ensure that every property owner has the opportunity to understand exactly where is income 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.
It is our practice 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 bills that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will show what monies 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 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 property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Surrey At Manchester Lakes Property Management Resources
Basics
Fundamental info regarding management services in Surrey At Manchester Lakes.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in Surrey At Manchester Lakes fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management services in Surrey At Manchester Lakes
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
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 know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who wants to learn more about Surrey At Manchester Lakes and surrounding areas. The Guide to Real Estate compiles information regarding what has sold and what is currently listed, as well as a couple of compelling facts that you may not be aware of. And, our Guide spotlights quite a few of the aspects of residing in Surrey At Manchester Lakes. Definitely, most of this is useful for purchasers and sellers, but real estate investors and tenants will likely also find the facts to be very enlightening.