We are extra conscientious regarding money matters.
As rental managers it is our solemn charge to keep close track on every penny of rent and each expense. Our staff work diligently to make sure that every landlord has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful software tools in the management business: 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 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 online. The statement will describe what monies we are holding on behalf of the rental 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 mail the property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Pleasant_Ridge Rental Management Resources
Basics
Fundamental info about what property management in Pleasant_Ridge.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a great renter in Pleasant_Ridge fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of property management services in Pleasant_Ridge
Vetting
How Nesbitt Realty vets tenants for our clients.
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 know more about the community?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who wants to investigate real estate facts about Pleasant_Ridge and neighboring areas. The Guide to Real Estate includes data regarding what has sold and what is on the market, as well as a few shocking facts that you might not be aware of. In addition, our Guide has many of the benefits of living in Pleasant_Ridge. Of course, all of this is helpful for purchasers and sellers, but rental investors and renters should also find this information to be somewhat useful.