We are very meticulous with fiduciary matters.
As rental managers it is our duty to account for every penny of rent and each expense. Our team work relentlessly to ensure that every property owner has the opportunity to see exactly where is income 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 that we have paid on the landlord's behalf. The monthly statement is also available online. The statement will describe what monies we are holding on behalf of the property owner.
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 compile the monthly reports into a year-end statement. In January we send to the property owners, 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.
Westmoreland_Terrace Property Management Resources
Basics
Elementary information regarding management services in Westmoreland_Terrace.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in Westmoreland_Terrace fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management in Westmoreland_Terrace
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
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 know more about this community?
Our Guide to Real Estate is a handy resource for everyone who wants to review important real estate information about Westmoreland_Terrace and nearby communities. The Guide to Real Estate compiles facts regarding what has sold and what is on the market, and a few compelling facts that you might not know. Furthermore, our Guide spotlights some benefits of life in Westmoreland_Terrace. Definitely, all of this is helpful for buyers and sellers, but real estate investors and renters might also find these tools to be quite sobering.