We are extremely precise about money issues.
As property managers it is our duty to account for every cent of income and each expense. Our staff work relentlessly to make sure that each real estate investor has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this task we use 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. Rents 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 rental investor's behalf. The monthly statement is also available electronically. The monthly report will describe what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly reports into a year-end statement. In January we mail the landlords, 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_Cavendis Rental Management Resources
Basics
Basic info about what management services in The_Cavendis.
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 The_Cavendis fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with rental management services in The_Cavendis
Vetting
How Nesbitt Realty vets renters 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.
Should you understand more about the local real estate market?
Our Guide to Real Estate is a handy resource for everyone who hopes to learn more about The_Cavendis and nearby communities. The Guide to Real Estate provides data about what has sold and what is for sale, as well as a couple of surprising facts that you may not know. And, our Guide has some fundamentals of living in The_Cavendis. As might be expected, most of this is useful for purchasers and sellers, but real estate investors and renters will probably also find these resources to be somewhat edifying.