We are very meticulous with fiduciary issues.
As rental managers it is our duty to keep close track on every penny of rent and each expense. Our team work diligently to make sure that each real estate investor has the documentation to know exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful software tools in our profession: Rent Manager.
It is our practice 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 bills which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly statement will show what monies we are holding on behalf of the real estate 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 organize the monthly statements into a year-end statement. In January we mail the rental 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.
Baldwin_grove Rental Management Resources
Basics
Elementary information about what management services in Baldwin_grove.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Baldwin_grove fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management in Baldwin_grove
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 local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who hopes to learn more about Baldwin_grove and nearby communities. The Guide to Real Estate provides facts about what has sold and what is on the market, as well as some shocking facts that you might not know. Also, our Guide highlights some aspects of life in Baldwin_grove. As might be expected, all of this is interesting for buyers and sellers, but owners and renters will likely also find the facts to be very eye-opening.