We are very serious about money details.
As rental managers it is our duty to keep close track on every penny of income and each expense. Our staff work diligently to ensure that each real estate investor has the opportunity to understand 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 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 landlord's behalf. The monthly statement is also available electronically. The statement will show what reserves we are holding on behalf of the property owner.
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 statement. In January we send to 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.
Shirley_Acres Rental Management Resources
Basics
Basic info regarding property management in Shirley_Acres.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable tenant in Shirley_Acres fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management in Shirley_Acres
Vetting
How Nesbitt Realty vets renters for property owners.
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.
Do you want know more about this area?
Our Guide to Real Estate is a handy tool for anyone who wants to investigate real estate facts about Shirley_Acres and nearby areas. The Guide to Real Estate has data regarding what has sold and what is currently listed, and a couple of compelling facts that you may not know. Furthermore, our Guide has many of the fundamentals of living in Shirley_Acres. Definitely, most of this is useful for buyers and sellers, but owners and tenants will likely also find this data to be somewhat edifying.