We are especially attentive with accounting issues.
As rental property managers it is our solemn charge to keep close track on every cent of rent and each expense. Our staff work relentlessly 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 task we employ one of the most powerful programs in the management business: Rent Manager.
We usually 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 expenses which we have paid on the rental property owner's behalf. The monthly statement is also available online. The statement will show what reserves we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up 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 landlords, 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.
Chesterbrook Woods Rental Management Resources
Basics
Elementary info about what rental managment in Chesterbrook Woods.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable renter in Chesterbrook Woods fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with property management services in Chesterbrook Woods
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
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.
Should you understand more about our local real estate market?
Our Guide to Real Estate is a helpful tool for everyone who needs to review important real estate information about Chesterbrook Woods and nearby areas. The Guide to Real Estate provides data regarding what has sold and what is currently listed, as well as a couple of shocking facts that you may not know. Furthermore, our Guide spotlights many of the fundamentals of residing in Chesterbrook Woods. Certainly, most of this is useful for buyers and sellers, but landlords and renters may also find these tools to be somewhat edifying.