We are especially serious about money details.
As rental managers it is our duty to reconcile every penny of income and each expense. All of us work diligently to ensure that every property owner has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs in our profession: Rent Manager.
It is our practice 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 shows the rental income as well as any bills that we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly report will show what funds we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up 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 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 hand the 1099 to your tax preparer.
Westmoreland_Terrace_Condo Property Management Resources
Basics
Basic info about what management services in Westmoreland_Terrace_Condo.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable tenant in Westmoreland_Terrace_Condo fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of rental management in Westmoreland_Terrace_Condo
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
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.
Should you understand more about our community?
Our Guide to Real Estate is a helpful tool for anyone who hopes to find out more about Westmoreland_Terrace_Condo and nearby communities. The Guide to Real Estate includes data regarding what has sold and what is on the market, and a few surprising facts that you might not know. Also, our Guide spotlights many of the aspects of living in Westmoreland_Terrace_Condo. Of course, most of this is interesting for purchasers and sellers, but landlords and tenants may also find the facts to be somewhat enlightening.