We are very conscientious regarding fiduciary 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 property owner has the documentation to understand exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in the management business: Rent Manager.
We strive to 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 shows the rent received as well as any expenses which we have paid on the property owner's behalf. The monthly statement is also available online. The statement will show what funds we are holding on behalf of the landlord.
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. At the end of the year, we compile the monthly statements into a year-end statement. In January we mail the rental property owners, 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.
The_Jefferson_Residential_Condominium Rental Management Resources
Basics
Basic information about what property management in The_Jefferson_Residential_Condominium.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a dependable renter in The_Jefferson_Residential_Condominium fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of property management services in The_Jefferson_Residential_Condominium
Vetting
How Nesbitt Realty vets tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 this community?
Our Guide to Real Estate is a helpful resource for anyone who wants to investigate real estate facts about The_Jefferson_Residential_Condominium and nearby communities. The Guide to Real Estate has facts about what has sold and what is for sale, and a few shocking facts that you may not be aware of. Also, our Guide has quite a few of the assets of life in The_Jefferson_Residential_Condominium. As might be expected, most of this is interesting for buyers and sellers, but rental investors and renters will probably also find this information to be very edifying.