We are extra careful with financial issues.
As property managers it is our solemn charge to account for every penny of income and each expense. Our team work relentlessly to ensure that each rental investor has the opportunity to know exactly where is income is going to and coming from. To accomplish this task we use 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. Funds 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 bills which we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly statement will show what funds we are holding on behalf of the 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. Annually, we compile the monthly reports 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. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Newington Station Rental Management Resources
Basics
Elementary info regarding property management in Newington Station.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Newington Station 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 Newington Station
Vetting
How Nesbitt Realty vets renters for property owners.
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 our community?
Our Guide to Real Estate is a helpful tool for anyone who hopes to review important real estate information about Newington Station and surrounding communities. The Guide to Real Estate has facts about what has sold and what is for sale, as well as many compelling facts that you might not be aware of. In addition, our Guide spotlights many of the assets of residing in Newington Station. Of course, most of this is useful for purchasers and sellers, but landlords and renters will also find these tools to be quite sobering.