We are very serious about fiduciary issues.
As rental managers it is our solemn charge to reconcile every cent of rent and each expense. Our team work hard 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 task we work with one of the most powerful programs 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 states the rental income as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will show what reserves we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end statement. In January we mail the landlords, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Villamay Rental Management Resources
Basics
Fundamental information about what property management in Villamay.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Villamay fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with property management services in Villamay
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 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.
Should you understand more about this area?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who hopes to investigate real estate facts about Villamay and nearby communities. The Guide to Real Estate compiles data regarding what has sold and what is currently listed, and a few shocking facts that you may not be aware of. In addition, our Guide has quite a few of the elements of life in Villamay. As might be expected, most of this is helpful for purchasers and sellers, but owners and renters will also find this information to be very enlightening.