We are very precise about money issues.
As property managers it is our solemn charge to reconcile every penny of rent and each expense. Our team work hard to ensure that each real estate investor has the opportunity to see 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 usually 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 bills that we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly statement will describe what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Furthermore, 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 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.
The_Westerlies Property Management Resources
Basics
Fundamental information regarding management services in The_Westerlies.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in The_Westerlies fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management services in The_Westerlies
Vetting
How Nesbitt Realty vets 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 understand more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who hopes to review important real estate information about The_Westerlies and neighboring areas. The Guide to Real Estate compiles facts about what has sold and what is on the market, as well as many interesting facts that you may not know. Furthermore, our Guide spotlights some benefits of living in The_Westerlies. As a matter of course, all of this is useful for purchasers and sellers, but real estate investors and tenants might also find these tools to be somewhat edifying.