We are especially careful with financial details.
As rental property managers it is our duty to reconcile every cent of income and each expense. Our team work diligently to make sure that every real estate investor has the documentation to understand exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful programs in our profession: Rent Manager.
It is our practice 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 rental property owner's behalf. The monthly statement is also available online. The monthly report will describe what monies we are holding on behalf of the landlord.
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. Annually, we organize the monthly reports into a year-end statement. In January we send to the landlords, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
The_eclipse_on_center Rental Management Resources
Basics
Basic info regarding property management in The_eclipse_on_center.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable tenant in The_eclipse_on_center 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 The_eclipse_on_center
Vetting
How Nesbitt Realty vets tenants for our clients.
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 community?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who wants to learn more about The_eclipse_on_center and surrounding communities. The Guide to Real Estate provides facts regarding what has sold and what is currently listed, and a couple of compelling facts that you may not be aware of. Also, our Guide features some benefits of life in The_eclipse_on_center. Of course, most of this is interesting for purchasers and sellers, but owners and tenants will also find this data to be somewhat informative.