We are very serious about financial issues.
As property managers it is our duty to keep close track on every penny of rent and each expense. All of us work relentlessly to make sure that each rental property owner has the documentation to see exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful software tools in our profession: 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 shows the rent received as well as any expenses that we have paid on the rental investor's behalf. The monthly statement is also available online. The statement will show what funds 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 marks up 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 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 give the 1099 to your tax preparer.
Glen_Alden Property Management Resources
Basics
Elementary info regarding management services in Glen_Alden.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable tenant in Glen_Alden fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with rental management services in Glen_Alden
Vetting
How Nesbitt Realty vets tenants 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.
Do you need understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who needs to review important real estate information about Glen_Alden and neighboring communities. The Guide to Real Estate provides information about what has sold and what is on the market, as well as a couple of surprising facts that you might not know. Not to mention, our Guide highlights some elements of residing in Glen_Alden. Of course, most of this is interesting for purchasers and sellers, but property owners and tenants may also find this information to be somewhat edifying.