We are especially serious about financial matters.
As rental property managers it is our duty to account for every penny of rent and each expense. Our staff work diligently to make sure that every rental investor has the documentation to see exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in the management business: Rent Manager.
We strive 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 rent received as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will show what monies we are holding on behalf of the rental property owner.
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 compile 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.
Chesterbrook Rental Management Resources
Basics
Basic info about what management services in Chesterbrook.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable tenant in Chesterbrook fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of property management services in Chesterbrook
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
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 want understand more about our area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who hopes to learn more about Chesterbrook and neighboring communities. The Guide to Real Estate includes data about what has sold and what is currently listed, as well as some shocking facts that you may not be aware of. Also, our Guide has quite a few of the benefits of life in Chesterbrook. Certainly, most of this is interesting for purchasers and sellers, but property owners and renters might also find the facts to be very enlightening.