We are especially attentive with accounting details.
As rental property managers it is our solemn charge to account for every penny of rent and each expense. All of us work relentlessly to make sure that every rental property owner has the documentation to know exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful programs in the management business: Rent Manager.
We strive 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 rental income as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will describe what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up 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 report. In January we mail the landlords, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
0 Medium 30 9 Rental Management Resources
Basics
Fundamental information regarding rental managment in 0 Medium 30 9.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable renter in 0 Medium 30 9 fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with property management services in 0 Medium 30 9
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.
Should you know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who needs to investigate real estate facts about 0 Medium 30 9 and surrounding 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. And, our Guide has quite a few of the assets of living in 0 Medium 30 9. Of course, all of this is helpful for buyers and sellers, but property owners and renters will also find the facts to be quite useful.