We are extra serious about fiduciary details.
As rental managers it is our solemn charge to account for every penny of rent and each expense. Our team work diligently to make sure that each rental investor has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we use 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 shows the rent received as well as any bills that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly report will show what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. And, 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 statements into a year-end statement. In January we send to 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_Phooenix Rental Management Resources
Basics
Elementary information about what management services in The_Phooenix.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable renter in The_Phooenix fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with property management services in The_Phooenix
Vetting
How Nesbitt Realty vets renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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.
Should you understand more about our community?
Our Guide to Real Estate is a handy resource for anyone who wants to review important real estate information about The_Phooenix and surrounding areas. The Guide to Real Estate includes information about what has sold and what is currently listed, and many shocking facts that you might not know. Not to mention, our Guide has quite a few of the fundamentals of life in The_Phooenix. As might be expected, all of this is helpful for purchasers and sellers, but real estate investors and tenants will also find this information to be quite sobering.