We are especially conscientious regarding fiduciary issues.
As rental property managers it is our duty to reconcile every cent of income and each expense. All of us work hard to make sure that each rental investor has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools in the management business: 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 states the rental income as well as any expenses which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on 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 property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Alta_Vista Rental Management Resources
Basics
Fundamental info about what rental managment in Alta_Vista.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Alta_Vista 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 Alta_Vista
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 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.
Do you want understand more about our area?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who hopes to review important real estate information about Alta_Vista and surrounding communities. The Guide to Real Estate has information regarding what has sold and what is on the market, and many shocking facts that you may not be aware of. Not to mention, our Guide features many of the aspects of residing in Alta_Vista. Of course, all of this is helpful for buyers and sellers, but rental investors and renters might also find these resources to be quite useful.