We are extra serious about fiduciary matters.
As rental managers it is our solemn charge to reconcile every cent of rent and each expense. Our staff work hard to make sure that each landlord has the opportunity to see exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful software tools 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 states the rent received as well as any bills that we have paid on the rental investor'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. Also, Nesbitt Realty never pads the price on 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 report. In January we send to the landlords, 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.
Laurel_Mews Property Management Resources
Basics
Basic info about what management services in Laurel_Mews.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable tenant in Laurel_Mews fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with property management services in Laurel_Mews
Vetting
How Nesbitt Realty vets tenants for property owners.
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 need know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who wants to review important real estate information about Laurel_Mews and neighboring communities. The Guide to Real Estate provides information regarding what has sold and what is currently listed, as well as many interesting facts that you may not be aware of. Not to mention, our Guide spotlights many of the benefits of living in Laurel_Mews. Naturally, all of this is interesting for purchasers and sellers, but property owners and tenants will likely also find this information to be somewhat eye-opening.