We are very attentive with fiduciary matters.
As rental property managers it is our duty to account for every penny of income and each expense. All of us work diligently to make sure that each rental property owner has the tools and paperwork 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 our profession: Rent Manager.
We strive 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 expenses which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will describe what reserves we are holding on behalf of the landlord.
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 organize the monthly reports into a year-end report. 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 give the 1099 to your tax preparer.
Clarendon_1021 Property Management Resources
Basics
Elementary info about what property management in Clarendon_1021.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Clarendon_1021 fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with rental management services in Clarendon_1021
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.
Should you understand more about this community?
Our Guide to Real Estate is a free resource for anyone who hopes to learn more about Clarendon_1021 and neighboring communities. The Guide to Real Estate includes facts regarding what has sold and what is on the market, and a couple of surprising facts that you might not know. Also, our Guide has many of the fundamentals of life in Clarendon_1021. Yes, all of this is interesting for purchasers and sellers, but property owners and renters will also find the facts to be quite enlightening.