We are extra attentive with financial matters.
As rental property managers it is our duty to keep close track on every cent of income and each expense. Our team work hard to make sure that each landlord has the opportunity to know exactly where is income is going to and coming from. To accomplish this duty 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. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rental income as well as any bills which we have paid on the 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 rental investor.
There is no additional charge for the reports or the accounting. And, 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 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.
Southridge Rental Management Resources
Basics
Basic information regarding management services in Southridge.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Southridge fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management in Southridge
Vetting
How Nesbitt Realty vets renters 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 need know more about the area?
Our Guide to Real Estate is a free resource for anyone who needs to find out more about Southridge and nearby areas. The Guide to Real Estate includes information about what has sold and what is for sale, and a couple of compelling facts that you may not know. Not to mention, our Guide highlights many of the aspects of living in Southridge. Of course, all of this is helpful for buyers and sellers, but real estate investors and renters might also find these resources to be quite edifying.