We are very serious about financial issues.
As property managers it is our solemn charge to keep close track on every cent of rent and each expense. Our staff work diligently to ensure that each real estate investor has the opportunity to see exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful programs in our profession: Rent Manager.
We always try 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 property owner's behalf. The monthly statement is also available online. The monthly report will describe what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements into a year-end statement. In January we send to the landlords, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
The_Cavendish Rental Management Resources
Basics
Fundamental info about what rental managment in The_Cavendish.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in The_Cavendish fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with property management services in The_Cavendish
Vetting
How Nesbitt Realty vets renters 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 need know more about our area?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who wants to find out more about The_Cavendish and neighboring communities. The Guide to Real Estate includes information about what has sold and what is on the market, and many interesting facts that you might not be aware of. And, our Guide spotlights many of the aspects of living in The_Cavendish. Naturally, most of this is interesting for purchasers and sellers, but real estate investors and tenants will likely also find these tools to be somewhat sobering.