We are extremely careful with fiduciary issues.
As property managers it is our duty to account for every penny of income and each expense. Our team work hard to ensure that every landlord has the tools and paperwork to see 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.
It is our practice 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 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 online. The monthly statement will show what monies we are holding on behalf of the property owner.
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 organize the monthly reports into a year-end statement. In January we send to the rental investors, 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.
The Reserve Property Management Resources
Basics
Fundamental info regarding rental managment in The Reserve.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable tenant in The Reserve fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management in The Reserve
Vetting
How Nesbitt Realty checks the backgrounds of 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 the community?
Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who hopes to review important real estate information about The Reserve and surrounding communities. The Guide to Real Estate provides data regarding what has sold and what is for sale, and a couple of surprising facts that you might not know. Not to mention, our Guide features many of the assets of living in The Reserve. Of course, most of this is helpful for purchasers and sellers, but real estate investors and renters will likely also find this information to be very useful.