We are very serious about fiduciary details.
As rental property managers it is our solemn charge to reconcile every penny of rent and each expense. Our team work diligently to make sure that each real estate investor has the documentation to see exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful software tools in our profession: 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 expenses that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly report will show what monies we are holding on behalf of the rental investor.
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 statement. In January we mail the landlords, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Vernon Heights Rental Management Resources
Basics
Elementary information about what rental managment in Vernon Heights.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Vernon Heights fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management services in Vernon Heights
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 our local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who hopes to learn more about Vernon Heights and neighboring areas. The Guide to Real Estate provides data regarding what has sold and what is on the market, as well as many shocking facts that you may not be aware of. In addition, our Guide features quite a few of the aspects of residing in Vernon Heights. Yes, all of this is interesting for buyers and sellers, but real estate investors and tenants should also find these tools to be very eye-opening.