We are very careful with money details.
As property managers it is our solemn charge to keep close track on every cent of income and each expense. Our staff work diligently to ensure that every real estate investor has the documentation to see 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. Funds are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rental income as well as any bills that we have paid on the rental property owner's behalf. The monthly statement is also available online. The statement will describe what monies we are holding on behalf of the rental property owner.
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 compile the monthly reports into a year-end statement. In January we mail the rental 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.
Heatherlea Rental Management Resources
Basics
Basic info about what property management in Heatherlea.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Heatherlea fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of fees associated with property management services in Heatherlea
Vetting
How Nesbitt Realty vets tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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.
Do you want understand more about this community?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who wants to find out more about Heatherlea and neighboring communities. The Guide to Real Estate includes data regarding what has sold and what is currently listed, as well as some interesting facts that you may not be aware of. And, our Guide features quite a few of the elements of residing in Heatherlea. Certainly, all of this is helpful for buyers and sellers, but owners and tenants will also find these resources to be very enlightening.