We are very attentive with money details.
As property managers it is our duty to reconcile every penny of rent and each expense. All of us work hard to ensure that each landlord has the documentation to know exactly where is income 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. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that shows the rent received as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will describe what monies we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements into a year-end report. In January we mail the rental investors, 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.
Carver_place Property Management Resources
Basics
Basic info regarding rental managment in Carver_place.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Carver_place fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with property management services in Carver_place
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 local real estate market?
Our Guide to Real Estate is a handy tool for anyone who hopes to investigate real estate facts about Carver_place and surrounding communities. The Guide to Real Estate includes information regarding what has sold and what is on the market, as well as many shocking facts that you may not be aware of. Not to mention, our Guide highlights some aspects of life in Carver_place. Of course, most of this is useful for purchasers and sellers, but landlords and tenants will probably also find these resources to be quite sobering.