We are especially attentive with fiduciary details.
As rental managers it is our duty to reconcile every cent of rent and each expense. All of us work diligently to make sure that each real estate investor has the documentation to see exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in our profession: Rent Manager.
We always try 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 rent received as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly report will describe what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we mail the property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Arlington_Ridge_Terrace Property Management Resources
Basics
Fundamental info about what management services in Arlington_Ridge_Terrace.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in Arlington_Ridge_Terrace fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of property management services in Arlington_Ridge_Terrace
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 know more about our area?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who wants to review important real estate information about Arlington_Ridge_Terrace and neighboring communities. The Guide to Real Estate has information regarding what has sold and what is on the market, and some shocking facts that you might not be aware of. And, our Guide features some assets of residing in Arlington_Ridge_Terrace. Of course, all of this is helpful for purchasers and sellers, but property owners and tenants may also find these resources to be somewhat useful.