We are especially serious about fiduciary matters.
As property managers it is our duty to reconcile every cent of rent and each expense. All of us work hard to ensure that each real estate investor has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this task 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. 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 bills that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly report will show what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, 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 report. In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
North Arlington Rental Management Resources
Basics
Basic information regarding property management in North Arlington.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in North Arlington fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of property management services in North Arlington
Vetting
How Nesbitt Realty vets tenants for property owners.
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.
Do you need know more about the community?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who needs to review important real estate information about North Arlington and surrounding communities. The Guide to Real Estate provides information about what has sold and what is on the market, and a couple of compelling facts that you may not be aware of. And, our Guide highlights many of the aspects of life in North Arlington. Certainly, most of this is helpful for buyers and sellers, but landlords and tenants may also find these tools to be quite useful.