We are extra serious about money matters.
As property managers it is our duty to reconcile every penny of rent and each expense. All of us work relentlessly to make sure that each property owner has the opportunity to know exactly where is income 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. 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 expenses which we have paid on the landlord's behalf. The monthly statement is also available online. The statement will describe what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile 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.
Highlands Property Management Resources
Basics
Basic info about what management services in Highlands.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable tenant in Highlands fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management services in Highlands
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
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.
Do you need know more about our area?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who hopes to review important real estate information about Highlands and neighboring areas. The Guide to Real Estate has data about what has sold and what is on the market, as well as a couple of interesting facts that you may not know. In addition, our Guide has some elements of living in Highlands. Of course, most of this is helpful for buyers and sellers, but property owners and tenants may also find the facts to be very enlightening.