We are extra careful with fiduciary issues.
As rental managers it is our duty to reconcile every penny of income and each expense. Our team work relentlessly to ensure that each rental property owner has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful software tools in our profession: Rent Manager.
We always try 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 rent received as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly report will show what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly reports into a year-end statement. In January we mail the landlords, 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.
Signal_Hill_Carrs Property Management Resources
Basics
Basic info about what property management in Signal_Hill_Carrs.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable tenant in Signal_Hill_Carrs fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of property management services in Signal_Hill_Carrs
Vetting
How Nesbitt Realty vets tenants for property owners.
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 want know more about this community?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who needs to find out more about Signal_Hill_Carrs and neighboring communities. The Guide to Real Estate includes information regarding what has sold and what is for sale, as well as some surprising facts that you may not know. In addition, our Guide spotlights many of the benefits of life in Signal_Hill_Carrs. Of course, all of this is useful for purchasers and sellers, but real estate investors and tenants will likely also find these tools to be somewhat useful.