We are especially serious about fiduciary details.
As property managers it is our duty to reconcile every penny of income and each expense. Our team work diligently to ensure that each rental property owner has the opportunity to know exactly where is money 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 strive 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 states the rental income as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will describe what reserves we are holding on behalf of the 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 compile the monthly reports into a year-end statement. In January we send to the real estate investors, 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.
Cambridge_Courts Rental Management Resources
Basics
Fundamental information about what rental managment in Cambridge_Courts.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable tenant in Cambridge_Courts fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management services in Cambridge_Courts
Vetting
How Nesbitt Realty vets tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 understand more about our community?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who needs to find out more about Cambridge_Courts and nearby communities. The Guide to Real Estate includes information about what has sold and what is for sale, and a couple of interesting facts that you may not be aware of. And, our Guide highlights many of the benefits of residing in Cambridge_Courts. Of course, all of this is helpful for purchasers and sellers, but rental investors and renters will also find these tools to be quite sobering.