We are very careful with financial matters.
As rental managers it is our solemn charge to keep close track on every penny of rent and each expense. Our team work relentlessly to ensure that each property owner has the documentation to see exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful programs in the management business: Rent Manager.
We usually 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 expenses that we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly report will show what reserves 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 statement. 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.
Ravensworth_Grove Rental Management Resources
Basics
Elementary info regarding management services in Ravensworth_Grove.
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 Ravensworth_Grove fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with rental management in Ravensworth_Grove
Vetting
How Nesbitt Realty vets tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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.
Should you understand more about our area?
Our Guide to Real Estate is a free tool for everyone who hopes to review important real estate information about Ravensworth_Grove and surrounding areas. The Guide to Real Estate compiles facts about what has sold and what is currently listed, and a couple of surprising facts that you might not be aware of. Also, our Guide has some fundamentals of residing in Ravensworth_Grove. Of course, most of this is helpful for purchasers and sellers, but real estate investors and renters will likely also find these tools to be quite informative.