We are especially meticulous with money matters.
As rental managers it is our duty to reconcile every penny of income and each expense. All of us work relentlessly to ensure that every rental property owner has the documentation to know exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful software tools in our profession: Rent Manager.
We always try 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 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 statement will describe what reserves we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we send to the rental investors, 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_Representative_Condo Rental Management Resources
Basics
Basic info regarding management services in The_Representative_Condo.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in The_Representative_Condo fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of property management services in The_Representative_Condo
Vetting
How Nesbitt Realty vets tenants for our clients.
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.
Should you understand more about this area?
Our Guide to Real Estate is a helpful resource for everyone who wants to investigate real estate facts about The_Representative_Condo and neighboring communities. The Guide to Real Estate compiles data regarding what has sold and what is currently listed, and a couple of shocking facts that you may not know. Also, our Guide features many of the aspects of life in The_Representative_Condo. Yes, most of this is helpful for buyers and sellers, but rental investors and renters will probably also find this information to be somewhat informative.