We are extremely meticulous with fiduciary issues.
As rental property managers it is our duty to account for every cent of rent and each expense. All of us work relentlessly to make sure that each real estate investor has the documentation to understand exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful software tools 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 states the rent received as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly report will show what funds we are holding on behalf of the property owner.
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 organize the monthly reports into a year-end statement. In January we send to the landlords, 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.
Gaslight_Square_Condominium Rental Management Resources
Basics
Basic info about what management services in Gaslight_Square_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 Gaslight_Square_Condominium fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with property management services in Gaslight_Square_Condominium
Vetting
How Nesbitt Realty vets renters 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.
Do you want understand more about the local real estate market?
Our Guide to Real Estate is a handy tool for everyone who hopes to find out more about Gaslight_Square_Condominium and surrounding communities. The Guide to Real Estate includes information regarding what has sold and what is on the market, as well as some shocking facts that you may not know. Furthermore, our Guide highlights many of the assets of life in Gaslight_Square_Condominium. Of course, all of this is useful for buyers and sellers, but real estate investors and tenants will likely also find the facts to be somewhat enlightening.