We are especially meticulous with financial details.
As property managers it is our duty to keep close track on every cent of income and each expense. Our staff work hard to ensure that every landlord has the documentation to know exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs 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 that we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report 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. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Polo Fields Property Management Resources
Basics
Elementary information about what property management in Polo Fields.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Polo Fields fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with property management services in Polo Fields
Vetting
How Nesbitt Realty vets tenants for our clients.
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 the local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who needs to review important real estate information about Polo Fields and nearby areas. The Guide to Real Estate compiles information about what has sold and what is on the market, as well as a couple of compelling facts that you may not know. In addition, our Guide highlights some benefits of life in Polo Fields. Naturally, all of this is helpful for buyers and sellers, but rental investors and renters will also find this data to be quite informative.