We are very meticulous with financial issues.
As property managers it is our duty to account for every penny of income and each expense. All of us work hard to ensure that every rental property owner has the tools and paperwork to understand exactly where is money is going to and coming from. To accomplish this task we use 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 that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will show what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end statement. In January we mail the property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
One Park Crest Condominium Property Management Resources
Basics
Elementary info about what management services in One Park Crest Condominium.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in One Park Crest Condominium fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management in One Park Crest Condominium
Vetting
How Nesbitt Realty vets tenants for our clients.
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.
Should you understand more about our area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who wants to investigate real estate facts about One Park Crest Condominium and surrounding communities. The Guide to Real Estate compiles facts about what has sold and what is for sale, and some surprising facts that you may not know. Furthermore, our Guide highlights many of the fundamentals of living in One Park Crest Condominium. Of course, all of this is helpful for buyers and sellers, but owners and tenants will probably also find this data to be very useful.