We are very meticulous with financial issues.
As rental property managers it is our duty to account for every penny of income and each expense. All of us work hard to ensure that every rental investor has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in the management business: Rent Manager.
We strive 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 bills which we have paid on the property owner's behalf. The monthly statement is also available online. The statement will describe what monies we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, 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 rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Top_of_Arl_Ridge_Road Property Management Resources
Basics
Basic information about what management services in Top_of_Arl_Ridge_Road.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable tenant in Top_of_Arl_Ridge_Road fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with rental management services in Top_of_Arl_Ridge_Road
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 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 our community?
Our Guide to Real Estate is a handy resource for anyone who needs to learn more about Top_of_Arl_Ridge_Road and nearby communities. The Guide to Real Estate compiles facts regarding what has sold and what is on the market, as well as a couple of shocking facts that you may not be aware of. In addition, our Guide spotlights quite a few of the assets of residing in Top_of_Arl_Ridge_Road. As might be expected, all of this is helpful for purchasers and sellers, but real estate investors and renters will likely also find the facts to be very eye-opening.