We are extra attentive with financial details.
As rental managers it is our duty to account for every penny of rent and each expense. Our staff work relentlessly to make sure that each real estate investor has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: Rent Manager.
We strive 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 rental property owner's behalf. The monthly statement is also available electronically. The monthly statement will describe what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. And, 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 report. In January we mail the property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Fair_Lakes_Court Rental Management Resources
Basics
Elementary information regarding rental managment in Fair_Lakes_Court.
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 Fair_Lakes_Court fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management services in Fair_Lakes_Court
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 the community?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who wants to review important real estate information about Fair_Lakes_Court and nearby communities. The Guide to Real Estate compiles information regarding what has sold and what is currently listed, and some shocking facts that you may not know. In addition, our Guide features some benefits of life in Fair_Lakes_Court. As might be expected, most of this is interesting for purchasers and sellers, but owners and tenants should also find this data to be quite eye-opening.