We are extremely serious about money details.
As rental managers it is our duty to reconcile every penny of rent and each expense. Our staff work hard to make sure that each real estate investor has the opportunity to know exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: Rent Manager.
We always try 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 that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will describe what reserves we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. And, 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 report. In January we mail the property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Clifton Rental Management Resources
Basics
Elementary information about what property management in Clifton.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Clifton fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management services in Clifton
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
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.
Do you want know more about the local real estate market?
Our Guide to Real Estate is a helpful tool for anyone who wants to learn more about Clifton and nearby areas. The Guide to Real Estate has facts about what has sold and what is currently listed, and many surprising facts that you might not be aware of. Furthermore, our Guide features many of the benefits of residing in Clifton. As might be expected, most of this is interesting for buyers and sellers, but owners and renters may also find the facts to be very sobering.