We are very attentive with fiduciary issues.
As rental managers it is our duty to account for every cent of income and each expense. Our staff work diligently to make sure that every rental investor has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful software tools in the management business: Rent Manager.
It is our practice 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 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. At the end of the year, we compile the monthly reports into a year-end statement. In January we send to the rental investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Laurel Crest Property Management Resources
Basics
Elementary info about what property management in Laurel Crest.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Laurel Crest fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with property management services in Laurel Crest
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
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 need know more about this area?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who needs to learn more about Laurel Crest and nearby areas. The Guide to Real Estate compiles facts regarding what has sold and what is on the market, as well as many compelling facts that you might not know. And, our Guide highlights many of the aspects of living in Laurel Crest. Certainly, all of this is interesting for purchasers and sellers, but rental investors and tenants will also find the facts to be quite useful.