We are especially conscientious regarding fiduciary details.
As rental property managers it is our solemn charge to keep close track on every cent of rent and each expense. Our staff work relentlessly to ensure that each landlord has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this duty we employ 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. 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 expenses that we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly statement will describe what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end statement. In January we send to the real estate 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.
Sunrise Square Rental Management Resources
Basics
Fundamental info regarding rental managment in Sunrise Square.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Sunrise Square fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of property management services in Sunrise Square
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage property?
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 community?
Our Guide to Real Estate is a helpful resource for everyone who hopes to find out more about Sunrise Square and neighboring areas. The Guide to Real Estate compiles facts about what has sold and what is on the market, as well as a few compelling facts that you might not know. Furthermore, our Guide features many of the assets of living in Sunrise Square. Definitely, most of this is interesting for buyers and sellers, but property owners and tenants should also find these tools to be somewhat useful.