We are extremely meticulous with money details.
As property managers it is our solemn charge to reconcile every cent of income and each expense. Our team work diligently to ensure that each rental property owner has the documentation to see exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful programs in our profession: Rent Manager.
We usually 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 shows the rental income as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will describe what reserves we are holding on behalf of the property owner.
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 statements into a year-end report. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
The_Belvedere Rental Management Resources
Basics
Basic information regarding property management in The_Belvedere.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in The_Belvedere fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of property management services in The_Belvedere
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 understand more about the community?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who needs to investigate real estate facts about The_Belvedere and neighboring areas. The Guide to Real Estate compiles data about what has sold and what is currently listed, as well as a few surprising facts that you may not be aware of. And, our Guide has quite a few of the aspects of living in The_Belvedere. As a matter of course, all of this is useful for purchasers and sellers, but owners and tenants might also find the facts to be quite informative.