We are especially precise about money issues.
As rental managers it is our solemn charge to account for every cent of rent and each expense. All of us work relentlessly to make sure that every property owner has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty we work with 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 shows the rent received as well as any expenses that we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what monies we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements into a year-end statement. In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Crystal_Park_Condominium Property Management Resources
Basics
Fundamental info about what rental managment in Crystal_Park_Condominium.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Crystal_Park_Condominium fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of property management services in Crystal_Park_Condominium
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
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 know more about this area?
Our Guide to Real Estate is a free tool for anyone who wants to review important real estate information about Crystal_Park_Condominium and nearby areas. The Guide to Real Estate includes information regarding what has sold and what is on the market, and many interesting facts that you may not be aware of. And, our Guide features some aspects of living in Crystal_Park_Condominium. Of course, most of this is helpful for buyers and sellers, but owners and tenants may also find this information to be very sobering.