We are extra precise about fiduciary matters.
As rental property managers it is our solemn charge to keep close track on every penny of income and each expense. All of us work relentlessly to make sure that each rental investor has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful programs in our profession: 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 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 landlord.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end report. 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.
Stonegate_At_Faircrest Rental Management Resources
Basics
Basic information about what property management in Stonegate_At_Faircrest.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable renter in Stonegate_At_Faircrest fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management services in Stonegate_At_Faircrest
Vetting
How Nesbitt Realty vets renters 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.
Should you know more about the community?
Our Guide to Real Estate is a helpful resource for everyone who needs to review important real estate information about Stonegate_At_Faircrest and nearby communities. The Guide to Real Estate compiles data about what has sold and what is on the market, as well as a few shocking facts that you may not know. Not to mention, our Guide has some fundamentals of life in Stonegate_At_Faircrest. Definitely, all of this is helpful for buyers and sellers, but property owners and tenants should also find these resources to be very edifying.