We are especially serious about financial details.
As rental managers it is our duty to reconcile every cent of income and each expense. All of us work relentlessly to ensure that each rental property owner has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful programs in the management business: 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 shows the rent received as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will show what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end statement. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Cleveland_Heights Rental Management Resources
Basics
Elementary information about what rental managment in Cleveland_Heights.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Cleveland_Heights fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of property management services in Cleveland_Heights
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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?
Our Guide to Real Estate is a free tool for anyone who wants to review important real estate information about Cleveland_Heights and surrounding communities. The Guide to Real Estate has facts about what has sold and what is currently listed, and a few shocking facts that you may not know. Not to mention, our Guide has many of the aspects of life in Cleveland_Heights. Of course, most of this is useful for purchasers and sellers, but property owners and tenants will also find these resources to be quite edifying.