We are extra attentive with financial details.
As rental property managers it is our solemn charge to reconcile every penny of rent and each expense. Our team work hard to make sure that each landlord has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools 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 states the rental income as well as any bills 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 real estate investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on 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 send to 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.
Halstead_At_the_Metro Property Management Resources
Basics
Fundamental information regarding management services in Halstead_At_the_Metro.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Halstead_At_the_Metro fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of rental management in Halstead_At_the_Metro
Vetting
How Nesbitt Realty vets renters 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 know more about our area?
Our Guide to Real Estate is a free resource for anyone who needs to investigate real estate facts about Halstead_At_the_Metro and surrounding areas. The Guide to Real Estate provides facts regarding what has sold and what is currently listed, and some compelling facts that you may not know. Furthermore, our Guide highlights many of the aspects of living in Halstead_At_the_Metro. Of course, all of this is useful for purchasers and sellers, but property owners and tenants should also find these tools to be quite eye-opening.