We are especially precise about money issues.
As rental property managers it is our solemn charge to reconcile every cent of income and each expense. Our staff work diligently to ensure that each rental property owner has the opportunity to know 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 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 rental income as well as any bills that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will describe what reserves we are holding on behalf of the real estate investor.
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 compile the monthly statements into a year-end report. In January we send to the real estate investors, 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.
Westbury Oaks Property Management Resources
Basics
Fundamental information about what management services in Westbury Oaks.
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 Westbury Oaks fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of rental management services in Westbury Oaks
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.
Do you need understand more about the community?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who needs to investigate real estate facts about Westbury Oaks and neighboring communities. The Guide to Real Estate provides data about what has sold and what is on the market, as well as some shocking facts that you might not know. Also, our Guide highlights quite a few of the assets of living in Westbury Oaks. Definitely, most of this is useful for buyers and sellers, but real estate investors and tenants should also find the facts to be very edifying.