We are very serious about money details.
As property managers it is our solemn charge to account for every penny of rent and each expense. Our team work diligently to ensure that each rental investor has the tools and paperwork to understand 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.
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 shows the rent received as well as any bills which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will describe what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end statement. In January we send to the real estate investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Burke Homes Sale Rental Management Resources
Basics
Fundamental info regarding management services in Burke Homes Sale.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Burke Homes Sale fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with rental management services in Burke Homes Sale
Vetting
How Nesbitt Realty vets renters for landlords.
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.
Do you want know more about the local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who hopes to learn more about Burke Homes Sale and nearby areas. The Guide to Real Estate includes information about what has sold and what is on the market, as well as a few compelling facts that you might not know. And, our Guide highlights quite a few of the fundamentals of life in Burke Homes Sale. Certainly, all of this is helpful for buyers and sellers, but property owners and renters will probably also find the facts to be very useful.