We are extremely serious about financial issues.
As rental property managers it is our solemn charge to reconcile every penny of income and each expense. Our staff work relentlessly to ensure that every landlord has the opportunity to understand exactly where is income is going to and coming from. To accomplish this duty we use 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 rent received as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly report 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. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end statement. In January we mail 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.
Monticello Woods Property Management Resources
Basics
Basic info 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 tenant in Monticello Woods fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management services in Monticello Woods
Vetting
How Nesbitt Realty vets tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 area?
Our Guide to Real Estate is a helpful tool for everyone who hopes to learn more about Monticello Woods and surrounding areas. The Guide to Real Estate has information about what has sold and what is currently listed, and a couple of interesting facts that you may not know. Furthermore, our Guide highlights quite a few of the assets of residing in Monticello Woods. As a matter of course, all of this is helpful for purchasers and sellers, but owners and tenants will probably also find these tools to be somewhat edifying.