We are extra precise about money matters.
As rental property managers it is our solemn charge to account for every penny of income and each expense. All of us work hard to ensure that each rental property owner has the documentation 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 our profession: Rent Manager.
We always try 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 shows the rent received as well as any expenses that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly report will describe what funds we are holding on behalf of the rental investor.
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. Annually, we compile the monthly statements into a year-end report. In January we send to the landlords, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Chesterbrook_Estates Property Management Resources
Basics
Fundamental information regarding management services in Chesterbrook_Estates.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great tenant in Chesterbrook_Estates fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with property management services in Chesterbrook_Estates
Vetting
How Nesbitt Realty vets tenants 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.
Do you need understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who needs to investigate real estate facts about Chesterbrook_Estates and surrounding communities. The Guide to Real Estate includes information about what has sold and what is currently listed, and some shocking facts that you might not be aware of. Not to mention, our Guide highlights many of the fundamentals of life in Chesterbrook_Estates. Of course, all of this is helpful for buyers and sellers, but landlords and tenants should also find these tools to be quite enlightening.