We are especially precise about financial details.
As rental property managers it is our solemn charge to reconcile every cent of rent and each expense. All of us 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 task we work with one of the most powerful programs 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 expenses which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly report will show what funds we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up 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.
55_Hundred Rental Management Resources
Basics
Fundamental information about what rental managment in 55_Hundred.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable tenant in 55_Hundred fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of rental management in 55_Hundred
Vetting
How Nesbitt Realty checks the backgrounds of renters 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 this local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who needs to find out more about 55_Hundred and neighboring communities. The Guide to Real Estate compiles information about what has sold and what is currently listed, and a couple of interesting facts that you may not know. In addition, our Guide has many of the fundamentals of living in 55_Hundred. Definitely, all of this is helpful for purchasers and sellers, but landlords and tenants will probably also find this information to be very eye-opening.