We are extremely attentive with fiduciary matters.
As rental managers it is our duty to keep close track on every cent of income and each expense. Our team work relentlessly to make sure that each landlord has the documentation to understand exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful software tools 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 rent received as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly statement will describe what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Not to mention, 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 statements into a year-end report. In January we mail the property owners, 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.
Overlook_Townhouses Property Management Resources
Basics
Basic information regarding management services in Overlook_Townhouses.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Overlook_Townhouses fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management services in Overlook_Townhouses
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
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 the area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who wants to investigate real estate facts about Overlook_Townhouses and nearby areas. The Guide to Real Estate provides information about what has sold and what is currently listed, and a couple of compelling facts that you might not be aware of. And, our Guide highlights many of the elements of life in Overlook_Townhouses. Definitely, all of this is interesting for buyers and sellers, but landlords and renters may also find this information to be very enlightening.