We are especially careful with fiduciary details.
As rental property managers it is our solemn charge to account for every penny of income and each expense. Our staff work diligently to make sure that each rental investor has the documentation to understand exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: Rent Manager.
We usually 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 shows the rent received as well as any expenses which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly 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 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 hand the 1099 to your tax preparer.
Kiels Gardens Property Management Resources
Basics
Basic information about what property management in Kiels Gardens.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Kiels Gardens fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of rental management in Kiels Gardens
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 this local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who hopes to find out more about Kiels Gardens and surrounding communities. The Guide to Real Estate has data about what has sold and what is for sale, as well as a few surprising facts that you may not be aware of. Not to mention, our Guide highlights some fundamentals of residing in Kiels Gardens. Yes, all of this is useful for purchasers and sellers, but rental investors and tenants will likely also find these resources to be very useful.