We are very careful with fiduciary details.
As property managers it is our duty to reconcile every penny of income and each expense. All of us work hard to make sure that every real estate investor has the tools and paperwork to understand exactly where is money 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 always try 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 bills that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will describe what monies 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. At the end of the year, we organize the monthly reports into a year-end report. In January we send to the rental property owners, 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.
Lyon_Park Rental Management Resources
Basics
Basic information regarding property management in Lyon_Park.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Lyon_Park fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management in Lyon_Park
Vetting
How Nesbitt Realty vets renters 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.
Should you understand more about the community?
Our Guide to Real Estate is a helpful tool for everyone who needs to investigate real estate facts about Lyon_Park and surrounding areas. The Guide to Real Estate provides data about what has sold and what is for sale, and many interesting facts that you may not know. Furthermore, our Guide highlights some elements of residing in Lyon_Park. Yes, most of this is useful for buyers and sellers, but owners and tenants should also find this information to be quite informative.