We are extremely serious about financial details.
As rental managers it is our solemn charge to keep close track on every cent of rent and each expense. Our staff work relentlessly to ensure that each landlord has the documentation to understand exactly where is income is going to and coming from. To accomplish this duty we work with 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 rental income as well as any bills that we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report will show what monies we are holding on behalf of the landlord.
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. Annually, we organize the monthly reports into a year-end report. In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Arc 3409 Property Management Resources
Basics
Fundamental info regarding property management in Arc 3409.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Arc 3409 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 services in Arc 3409
Vetting
How Nesbitt Realty vets renters 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.
Do you want understand more about the community?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who hopes to investigate real estate facts about Arc 3409 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 may not be aware of. And, our Guide highlights many of the benefits of residing in Arc 3409. Of course, all of this is helpful for purchasers and sellers, but owners and tenants will likely also find this data to be very edifying.