We are extremely serious about money issues.
As property managers it is our solemn charge to keep close track on every penny of rent and each expense. All of us work diligently to make sure that each rental investor has the documentation to see exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful programs in our profession: 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 shows the rental income as well as any bills that we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly report will show what reserves we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we mail the landlords, 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.
Chestnut Hills West Property Management Resources
Basics
Elementary info about what management services in Chestnut Hills West.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Chestnut Hills West fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with rental management services in Chestnut Hills West
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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.
Do you want understand more about our local real estate market?
Our Guide to Real Estate is a helpful tool for anyone who needs to investigate real estate facts about Chestnut Hills West and nearby areas. The Guide to Real Estate has facts regarding what has sold and what is on the market, as well as a few surprising facts that you might not know. Also, our Guide highlights some fundamentals of living in Chestnut Hills West. Of course, all of this is interesting for purchasers and sellers, but rental investors and tenants will probably also find this data to be somewhat informative.