We are extremely conscientious regarding fiduciary matters.
As rental property managers it is our solemn charge to account for every penny of income and each expense. All of us work hard to ensure that each rental investor has the opportunity to see exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful programs in our profession: Rent Manager.
We usually 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 rental income as well as any expenses which we have paid on the real estate investor's behalf. The monthly statement is also available online. The statement will show what monies we are holding on behalf of the landlord.
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 investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Westbriar Plaza Rental Management Resources
Basics
Elementary info regarding management services in Westbriar Plaza.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Westbriar Plaza fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of rental management services in Westbriar Plaza
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 need understand more about this local real estate market?
Our Guide to Real Estate is a handy resource for anyone who wants to learn more about Westbriar Plaza and surrounding areas. The Guide to Real Estate compiles facts about what has sold and what is on the market, as well as many shocking facts that you might not be aware of. Furthermore, our Guide has quite a few of the benefits of living in Westbriar Plaza. Certainly, most of this is useful for purchasers and sellers, but real estate investors and renters might also find these tools to be quite useful.