We are extra attentive with fiduciary matters.
As rental managers it is our solemn charge to reconcile every penny of rent and each expense. Our staff work diligently to make sure that each property owner has the documentation to know exactly where is money is going to and coming from. To accomplish this duty we employ 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. 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 expenses which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly report will describe what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we mail the rental investors, 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.
Douglas Park Property Management Resources
Basics
Basic information about what property management in Douglas Park.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Douglas Park fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of rental management in Douglas Park
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 need know more about the local real estate market?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who wants to review important real estate information about Douglas Park and neighboring areas. The Guide to Real Estate includes facts about what has sold and what is for sale, and a couple of compelling facts that you may not be aware of. Not to mention, our Guide has some elements of life in Douglas Park. As a matter of course, most of this is helpful for purchasers and sellers, but owners and renters may also find these tools to be somewhat eye-opening.