We are especially attentive with money details.
As rental managers it is our duty to reconcile every penny of rent and each expense. Our staff work diligently to make sure that every landlord has the tools and paperwork to know 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 states the rent received as well as any bills that we have paid on the property owner's behalf. The monthly statement is also available online. The monthly report will describe what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end report. In January we mail the rental property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Hawthorne_Village Property Management Resources
Basics
Basic info regarding rental managment in Hawthorne_Village.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Hawthorne_Village fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of property management services in Hawthorne_Village
Vetting
How Nesbitt Realty checks the backgrounds of 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 want understand more about our local real estate market?
Our Guide to Real Estate is a free resource for everyone who needs to review important real estate information about Hawthorne_Village and neighboring areas. The Guide to Real Estate provides information about what has sold and what is on the market, and a few compelling facts that you might not know. In addition, our Guide features quite a few of the fundamentals of residing in Hawthorne_Village. Definitely, most of this is helpful for buyers and sellers, but owners and tenants may also find this information to be somewhat useful.