We are very conscientious regarding financial issues.
As rental property managers it is our duty to reconcile every penny of rent and each expense. Our staff work relentlessly to ensure that each landlord has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: Rent Manager.
We always try 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 states the rental income as well as any expenses which we have paid on the real estate investor's behalf. The monthly statement is also available online. The statement will show 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 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 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.
Weltman Estates Rental Management Resources
Basics
Basic information about what management services in Weltman Estates.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Weltman Estates fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with rental management services in Weltman Estates
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
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 understand more about this community?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who hopes to investigate real estate facts about Weltman Estates and neighboring communities. The Guide to Real Estate provides information about what has sold and what is for sale, and a couple of compelling facts that you may not be aware of. In addition, our Guide spotlights quite a few of the elements of living in Weltman Estates. Of course, all of this is interesting for buyers and sellers, but rental investors and tenants should also find these tools to be somewhat informative.