We are very careful with money matters.
As rental property managers it is our solemn charge to reconcile every penny of income and each expense. Our staff work hard to make sure that every landlord has the tools and paperwork to understand exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful programs in the management business: Rent Manager.
We strive 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 expenses which we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will show what funds we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on 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 report. In January we mail the 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.
Gatehouse Condominium Property Management Resources
Basics
Elementary info regarding property management in Gatehouse Condominium.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Gatehouse Condominium fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management in Gatehouse Condominium
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
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 know more about this community?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who hopes to learn more about Gatehouse Condominium and neighboring communities. The Guide to Real Estate includes facts regarding what has sold and what is on the market, and a couple of surprising facts that you may not know. In addition, our Guide has many of the benefits of living in Gatehouse Condominium. Of course, most of this is useful for buyers and sellers, but property owners and tenants may also find the facts to be very informative.