We are especially conscientious regarding fiduciary matters.
As property managers it is our solemn charge to keep close track on every cent of rent and each expense. Our team work diligently to make sure that each rental property owner has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this duty we work with 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. Rents 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 that we have paid on the property owner's behalf. The monthly statement is also available online. The monthly statement will show what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Also, 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 reports into a year-end statement. In January we send to the rental 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.
Brand_New_Construction Property Management Resources
Basics
Basic information regarding management services in Brand_New_Construction.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a dependable tenant in Brand_New_Construction fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with property management services in Brand_New_Construction
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 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.
Do you need know more about this community?
Our Guide to Real Estate is a free resource for everyone who hopes to learn more about Brand_New_Construction and nearby communities. The Guide to Real Estate provides data regarding what has sold and what is currently listed, and a couple of shocking facts that you may not know. Also, our Guide spotlights quite a few of the fundamentals of life in Brand_New_Construction. Of course, most of this is helpful for purchasers and sellers, but rental investors and renters may also find this information to be very informative.