We are very careful with money issues.
As property managers it is our solemn charge to reconcile every penny of income and each expense. Our staff work relentlessly to make sure that every rental property owner has the documentation to see exactly where is income 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. 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 landlord's behalf. The monthly statement is also available online. The statement will show what funds we are holding on behalf of the rental property owner.
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 organize the monthly reports into a year-end statement. In January we send to 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 hand the 1099 to your tax preparer.
Heritage Woods North Property Management Resources
Basics
Elementary information about what management services in Heritage Woods North.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable tenant in Heritage Woods North fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with rental management services in Heritage Woods North
Vetting
How Nesbitt Realty vets tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 want understand more about the area?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who needs to learn more about Heritage Woods North and neighboring areas. The Guide to Real Estate provides facts regarding what has sold and what is for sale, and some surprising facts that you may not be aware of. And, our Guide features many of the assets of life in Heritage Woods North. Of course, all of this is helpful for purchasers and sellers, but landlords and renters will likely also find this information to be somewhat edifying.