We are extra serious about fiduciary details.
As property managers it is our solemn charge to keep close track on every penny of rent and each expense. All of us work relentlessly to ensure that each rental investor has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: Rent Manager.
It is our practice 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 that we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The statement will describe what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end report. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Falls_Station_Condominiums Property Management Resources
Basics
Basic information about what property management in Falls_Station_Condominiums.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Falls_Station_Condominiums fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management services in Falls_Station_Condominiums
Vetting
How Nesbitt Realty vets 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.
Do you want understand more about our local real estate market?
Our Guide to Real Estate is a free resource for everyone who hopes to review important real estate information about Falls_Station_Condominiums and neighboring areas. The Guide to Real Estate includes information regarding what has sold and what is on the market, as well as many interesting facts that you might not be aware of. And, our Guide highlights quite a few of the aspects of living in Falls_Station_Condominiums. As a matter of course, all of this is interesting for purchasers and sellers, but real estate investors and renters will likely also find these resources to be very enlightening.