We are extremely meticulous with fiduciary issues.
As rental property managers it is our solemn charge to account for every cent of income and each expense. Our staff work diligently to make sure that each rental property owner has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: 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 shows the rent received as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly statement will show what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report. 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.
Leigh Meadow Property Management Resources
Basics
Fundamental info about what property management in Leigh Meadow.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Leigh Meadow fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management services in Leigh Meadow
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
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.
Should you understand more about this area?
Our Guide to Real Estate is a handy resource for everyone who needs to learn more about Leigh Meadow and neighboring areas. The Guide to Real Estate includes facts about what has sold and what is on the market, and many compelling facts that you may not know. In addition, our Guide has some fundamentals of residing in Leigh Meadow. As a matter of course, all of this is helpful for purchasers and sellers, but rental investors and renters will likely also find the facts to be quite eye-opening.