We are very precise about fiduciary issues.
As rental managers it is our duty to keep close track on every penny of income and each expense. All of us work relentlessly to make sure that every rental property owner has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful software tools in the management business: Rent Manager.
It is our practice 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 states the rental income as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report will describe what monies we are holding on behalf of the rental property owner.
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 mail the landlords, 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.
Old_Columbia_Pike Rental Management Resources
Basics
Elementary info regarding property management in Old_Columbia_Pike.
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 Old_Columbia_Pike fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management services in Old_Columbia_Pike
Vetting
How Nesbitt Realty checks the backgrounds of 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 this community?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who needs to find out more about Old_Columbia_Pike and neighboring communities. The Guide to Real Estate compiles facts regarding what has sold and what is currently listed, as well as a few surprising facts that you might not be aware of. Also, our Guide has some benefits of living in Old_Columbia_Pike. Definitely, all of this is helpful for purchasers and sellers, but real estate investors and renters should also find these tools to be very useful.