We are very conscientious regarding money details.
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 landlord has the documentation to know 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 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 that we have paid on the rental property owner's behalf. The monthly statement is also available online. The statement will describe what funds we are holding on behalf of the rental investor.
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. Annually, we organize the monthly statements 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. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Aurora Highlands Property Management Resources
Basics
Fundamental info regarding management services in Aurora Highlands.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a dependable tenant in Aurora Highlands fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of fees associated with rental management in Aurora Highlands
Vetting
How Nesbitt Realty vets tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 know more about the local real estate market?
Our Guide to Real Estate is a free tool for everyone who hopes to review important real estate information about Aurora Highlands and surrounding areas. The Guide to Real Estate has facts regarding what has sold and what is for sale, and a few compelling facts that you might not be aware of. Furthermore, our Guide spotlights some benefits of residing in Aurora Highlands. Of course, all of this is helpful for purchasers and sellers, but landlords and tenants will likely also find this information to be somewhat useful.