We are very conscientious regarding money issues.
As rental property managers it is our solemn charge to account for every penny of income and each expense. All of us work hard to make sure that each rental investor has the opportunity to see 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.
It is our practice 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 bills which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will describe what funds we are holding on behalf of the property owner.
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. Annually, we organize the monthly reports into a year-end statement. In January we send to the rental 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.
Lyon_Village Property Management Resources
Basics
Fundamental info about what property management in Lyon_Village.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Lyon_Village fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management in Lyon_Village
Vetting
How Nesbitt Realty vets renters for landlords.
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.
Should you understand more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who hopes to investigate real estate facts about Lyon_Village and nearby areas. The Guide to Real Estate includes data regarding what has sold and what is for sale, as well as many shocking facts that you might not be aware of. Furthermore, our Guide has some assets of life in Lyon_Village. Definitely, all of this is interesting for purchasers and sellers, but real estate investors and tenants will also find this data to be very enlightening.