We are especially serious about financial details.
As rental property managers it is our solemn charge to reconcile every cent of rent and each expense. All of us work hard to make sure that each rental investor has the opportunity to know exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful programs in the management business: Rent Manager.
We usually 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 rental income as well as any expenses that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly report will show what monies we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report. In January we send to the real estate investors, 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.
River_Place_South Property Management Resources
Basics
Basic info regarding management services in River_Place_South.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great tenant in River_Place_South fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management in River_Place_South
Vetting
How Nesbitt Realty checks the backgrounds of tenants 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.
Do you need understand more about the area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who needs to review important real estate information about River_Place_South and surrounding communities. The Guide to Real Estate provides data regarding what has sold and what is for sale, and a couple of shocking facts that you might not be aware of. Also, our Guide features quite a few of the elements of residing in River_Place_South. Naturally, all of this is interesting for buyers and sellers, but real estate investors and tenants should also find this data to be somewhat informative.