We are extremely attentive with fiduciary matters.
As rental managers it is our solemn charge to keep close track on every penny of income and each expense. Our team work relentlessly to make sure that each real estate investor has the documentation to know exactly where is income is going to and coming from. To accomplish this task we use 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. Funds are deposited into an escrow account (not into our operating account). We prepare a monthly statement that shows the rental income as well as any bills which we have paid on the rental property owner'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. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile 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 rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Douglas_Park_New_Arlington Rental Management Resources
Basics
Basic information regarding management services in Douglas_Park_New_Arlington.
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 Douglas_Park_New_Arlington fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management in Douglas_Park_New_Arlington
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 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.
Should you know more about our local real estate market?
Our Guide to Real Estate is a handy resource for anyone who needs to review important real estate information about Douglas_Park_New_Arlington and nearby communities. The Guide to Real Estate has facts about what has sold and what is on the market, as well as many compelling facts that you may not be aware of. Furthermore, our Guide has many of the aspects of residing in Douglas_Park_New_Arlington. As a matter of course, most of this is helpful for purchasers and sellers, but rental investors and tenants may also find the facts to be quite edifying.