We are extra precise about fiduciary details.
As rental managers it is our duty to reconcile every cent of rent and each expense. Our staff work relentlessly to ensure that each rental property owner has the documentation to know exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful programs in the management business: 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 rental income as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will describe what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Not to mention, 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 report. In January we send to the rental property owners, 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.
Carrington_Village Property Management Resources
Basics
Elementary info regarding rental managment in Carrington_Village.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Carrington_Village fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of rental management services in Carrington_Village
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
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 want understand more about our local real estate market?
Our Guide to Real Estate is a helpful resource for everyone who hopes to find out more about Carrington_Village and surrounding areas. The Guide to Real Estate includes facts about what has sold and what is on the market, and some compelling facts that you might not know. Not to mention, our Guide highlights quite a few of the benefits of residing in Carrington_Village. Naturally, most of this is useful for buyers and sellers, but real estate investors and tenants might also find these resources to be very enlightening.