We are extra meticulous with money issues.
As property managers it is our solemn charge to reconcile every cent of income and each expense. Our staff work hard to ensure that every rental property owner has the documentation to understand exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful programs in our profession: 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 rent received as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available online. The statement will show what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end statement. In January we mail the rental investors, 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.
Phoenix Property Management Resources
Basics
Elementary info regarding management services in Phoenix.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Phoenix fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with property management services in Phoenix
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 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 want know more about this local real estate market?
Our Guide to Real Estate is a free tool for anyone who wants to learn more about Phoenix and neighboring areas. The Guide to Real Estate provides information regarding what has sold and what is on the market, as well as some interesting facts that you might not know. Not to mention, our Guide features many of the aspects of living in Phoenix. Certainly, most of this is useful for buyers and sellers, but rental investors and renters will also find these resources to be somewhat edifying.