We are very careful with fiduciary issues.
As property managers it is our duty to keep close track on every cent of income and each expense. Our staff work hard to make sure that each rental property owner has the opportunity to see exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful software tools in the management business: Rent Manager.
We usually 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 rental investor'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. In addition, 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 report. 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.
Ramblewood_At_Daventry Property Management Resources
Basics
Elementary info regarding property management in Ramblewood_At_Daventry.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in Ramblewood_At_Daventry fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with property management services in Ramblewood_At_Daventry
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 know more about the community?
Our Guide to Real Estate is a handy tool for everyone who wants to find out more about Ramblewood_At_Daventry and surrounding areas. The Guide to Real Estate provides data regarding what has sold and what is on the market, as well as many shocking facts that you may not be aware of. Furthermore, our Guide spotlights many of the elements of living in Ramblewood_At_Daventry. Of course, most of this is helpful for purchasers and sellers, but property owners and renters will likely also find these tools to be very informative.