We are especially attentive with fiduciary matters.
As rental managers it is our duty to keep close track on every penny of rent and each expense. Our team work relentlessly to ensure that every landlord has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful programs 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 bills which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what funds we are holding on behalf of the rental investor.
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 statement. In January we mail the rental 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.
Circle Rental Management Resources
Basics
Elementary info about what property management in Circle.
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 Circle fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with property management services in Circle
Vetting
How Nesbitt Realty vets tenants for property owners.
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 understand more about the community?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who wants to review important real estate information about Circle and nearby communities. The Guide to Real Estate includes facts about what has sold and what is for sale, and some compelling facts that you may not be aware of. Not to mention, our Guide spotlights some assets of living in Circle. Certainly, most of this is useful for buyers and sellers, but landlords and renters will also find the facts to be quite useful.