We are extremely conscientious regarding money issues.
As rental property managers it is our solemn charge to keep close track on every cent of rent and each expense. All of us work relentlessly to make sure that each rental property owner has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful programs in the management business: Rent Manager.
We always try 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 online. The monthly report 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. Furthermore, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end statement. In January we mail the rental property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Monticello Woods Property Management Resources
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 need know more about the area?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who hopes to review important real estate information about Monticello Woods and neighboring communities. The Guide to Real Estate provides information about what has sold and what is for sale, as well as a few compelling facts that you may not know. In addition, our Guide has many of the aspects of life in Monticello Woods. Of course, most of this is interesting for purchasers and sellers, but owners and renters may also find these resources to be quite eye-opening.