We are extremely serious about money details.
As rental property managers it is our solemn charge to keep close track on every cent of income and each expense. Our staff work relentlessly to ensure that every rental property owner has the documentation to see 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 always try 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 rental income as well as any expenses that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly report will show what funds we are holding on behalf of the rental property owner.
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. At the end of the year, we organize the monthly reports into a year-end statement. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Trevor House Property Management Resources
Basics
Fundamental info regarding property management in Trevor House.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Trevor House fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with rental management services in Trevor House
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 free resource for everyone who wants to find out more about Trevor House and nearby communities. The Guide to Real Estate compiles data regarding what has sold and what is on the market, and a couple of compelling facts that you might not know. In addition, our Guide has quite a few of the fundamentals of residing in Trevor House. Of course, most of this is helpful for buyers and sellers, but owners and renters may also find this information to be somewhat eye-opening.