We are very attentive with fiduciary details.
As property managers it is our solemn charge to account for every penny of income and each expense. All of us work diligently to make sure that every rental property owner has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful programs in our profession: Rent Manager.
We usually 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 shows the rent received as well as any expenses which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The statement will describe what reserves we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. In addition, 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 report. In January we mail 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.
Arlington Ridge Property Management Resources
Basics
Basic information about what property management in Arlington Ridge.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Arlington Ridge fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management services in Arlington Ridge
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
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.
Do you need understand more about this area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who hopes to review important real estate information about Arlington Ridge and nearby areas. The Guide to Real Estate includes data regarding what has sold and what is on the market, and a few compelling facts that you may not be aware of. Not to mention, our Guide features some fundamentals of living in Arlington Ridge. Yes, most of this is helpful for purchasers and sellers, but real estate investors and renters will likely also find this data to be very enlightening.