We are extra precise about money matters.
As property managers it is our duty to reconcile every penny of rent and each expense. Our staff work diligently to make sure that each property owner has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful programs in the management business: 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 shows the rent received as well as any bills that we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly statement will show what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. And, 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 reports into a year-end report. In January we send to the rental investors, 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.
Waterview At Woodland Park Rental Management Resources
Basics
Fundamental info regarding rental managment in Waterview At Woodland Park.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable renter in Waterview At Woodland Park fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with rental management in Waterview At Woodland Park
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 understand more about the community?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who needs to learn more about Waterview At Woodland Park and neighboring communities. The Guide to Real Estate includes information regarding what has sold and what is for sale, as well as many surprising facts that you might not be aware of. Furthermore, our Guide has many of the assets of residing in Waterview At Woodland Park. Of course, all of this is useful for purchasers and sellers, but real estate investors and renters will also find the facts to be somewhat informative.