We are especially serious about fiduciary issues.
As rental property managers it is our solemn charge to keep close track on every cent of income and each expense. All of us work diligently to ensure that each rental investor has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this duty 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 shows the rent received as well as any expenses that we have paid on the property owner's behalf. The monthly statement is also available online. The monthly report will describe what reserves we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end report. In January we mail the rental property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Stonegate_at_faircrest Rental Management Resources
Basics
Fundamental info about what rental managment in Stonegate_at_faircrest.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Stonegate_at_faircrest fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of property management services in Stonegate_at_faircrest
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
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.
Should you understand more about the area?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who needs to review important real estate information about Stonegate_at_faircrest and surrounding communities. The Guide to Real Estate compiles facts about what has sold and what is on the market, as well as a few compelling facts that you might not be aware of. Not to mention, our Guide spotlights many of the benefits of living in Stonegate_at_faircrest. Certainly, most of this is useful for buyers and sellers, but real estate investors and tenants will probably also find this information to be very eye-opening.