We are extra serious about money issues.
As rental managers it is our duty to reconcile every cent of income and each expense. All of us work hard to ensure that every rental property owner has the opportunity to know exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful programs 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 rental income as well as any bills that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The statement will describe what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. And, 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 investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
None_Noted Property Management Resources
Basics
Basic info regarding management services in None_Noted.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in None_Noted fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management in None_Noted
Vetting
How Nesbitt Realty vets renters for property owners.
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.
Should you understand more about the area?
Our Guide to Real Estate is a handy resource for everyone who hopes to find out more about None_Noted and surrounding communities. The Guide to Real Estate includes facts regarding what has sold and what is for sale, as well as a couple of shocking facts that you might not be aware of. Furthermore, our Guide highlights some aspects of living in None_Noted. Certainly, all of this is useful for purchasers and sellers, but owners and tenants will probably also find this data to be somewhat useful.