We are especially meticulous with financial matters.
As rental managers it is our solemn charge to keep close track on every penny of rent and each expense. Our staff work relentlessly to make sure that every rental property owner has the documentation to know exactly where is money is going to and coming from. To accomplish this duty we work with 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 which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what monies we are holding on behalf of the rental property owner.
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. At the end of the year, we compile 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 property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Monticello_Woods Property Management Resources
Basics
Elementary information about what property management in Monticello_Woods.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Monticello_Woods fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with rental management services in Monticello_Woods
Vetting
How Nesbitt Realty vets tenants for landlords.
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.
Should you know more about the area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who hopes to investigate real estate facts about Monticello_Woods and neighboring communities. The Guide to Real Estate has facts regarding what has sold and what is for sale, and some compelling facts that you may not be aware of. Also, our Guide features some assets of living in Monticello_Woods. Yes, all of this is useful for purchasers and sellers, but real estate investors and tenants will likely also find this data to be quite edifying.