We are especially conscientious regarding money matters.
As rental property managers it is our solemn charge to reconcile every cent of income and each expense. All of us work relentlessly to make sure that each real estate investor has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful software tools 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 rent received as well as any bills which we have paid on the real estate investor'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. Furthermore, 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 mail 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.
Rolfe_Street_Station Rental Management Resources
Basics
Basic info regarding management services in Rolfe_Street_Station.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Rolfe_Street_Station fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with rental management in Rolfe_Street_Station
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
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.
Do you need understand more about this community?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who hopes to review important real estate information about Rolfe_Street_Station and nearby areas. The Guide to Real Estate includes information about what has sold and what is for sale, and some shocking facts that you may not be aware of. Not to mention, our Guide highlights quite a few of the fundamentals of living in Rolfe_Street_Station. Of course, all of this is useful for buyers and sellers, but rental investors and renters may also find this data to be quite sobering.