We are very precise about fiduciary details.
As property managers it is our duty to reconcile every penny of income and each expense. Our staff work hard to make sure that every property owner has the documentation to understand exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful software tools in our profession: 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 rent received as well as any bills that we have paid on the rental property owner's behalf. The monthly statement is also available online. The statement will show what monies 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 organize 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 property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Washington Square Property Management Resources
Basics
Fundamental information about what property management in Washington Square.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Washington Square fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with rental management in Washington Square
Vetting
How Nesbitt Realty vets tenants for our clients.
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.
Do you need understand more about this community?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who needs to investigate real estate facts about Washington Square and neighboring communities. The Guide to Real Estate compiles information regarding what has sold and what is currently listed, and some interesting facts that you might not be aware of. And, our Guide highlights quite a few of the benefits of residing in Washington Square. Of course, all of this is useful for purchasers and sellers, but property owners and tenants may also find this information to be quite edifying.