We are very attentive with fiduciary matters.
As rental managers it is our duty to keep close track on every cent of rent and each expense. All of us work hard to make sure that every property owner has the tools and paperwork to understand 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.
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 states the rent received as well as any expenses that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly statement will describe what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end report. In January we mail the property owners, 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.
West End Rental Management Resources
Basics
Fundamental information about what rental managment in West End.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great tenant in West End fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of rental management services in West End
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 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 want know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who wants to learn more about West End and nearby areas. The Guide to Real Estate has data regarding what has sold and what is currently listed, as well as a few compelling facts that you might not be aware of. Not to mention, our Guide highlights some fundamentals of residing in West End. As a matter of course, most of this is interesting for purchasers and sellers, but owners and renters may also find this information to be quite sobering.