We are extremely serious about fiduciary details.
As property managers it is our duty to keep close track on every cent of rent and each expense. Our staff work hard to ensure that every property owner has the opportunity to see exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in our profession: Rent Manager.
We usually 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 rental income as well as any bills that we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly statement will describe what monies we are holding on behalf of the landlord.
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 send to the property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
McLean_Manor Property Management Resources
Basics
Elementary info regarding property management in McLean_Manor.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in McLean_Manor fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management in McLean_Manor
Vetting
How Nesbitt Realty vets renters for property owners.
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 this community?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who hopes to review important real estate information about McLean_Manor and surrounding areas. The Guide to Real Estate provides data about what has sold and what is on the market, and some surprising facts that you may not be aware of. Also, our Guide has many of the fundamentals of residing in McLean_Manor. Of course, most of this is helpful for purchasers and sellers, but rental investors and tenants might also find this data to be very useful.