We are especially careful with money details.
As rental managers it is our solemn charge to reconcile every cent of rent and each expense. All of us work relentlessly to ensure that each rental investor has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful software tools in our profession: Rent Manager.
It is our practice 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 rental income as well as any expenses which we have paid on the rental investor's behalf. The monthly statement is also available online. The statement will describe what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on 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 real estate investors, 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 Ridge Rental Management Resources
Basics
Elementary info about what management services in Fair Ridge.
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 Ridge fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of fees associated with property management services in Fair Ridge
Vetting
How Nesbitt Realty vets tenants for our clients.
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.
Do you want know more about our area?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who hopes to learn more about Fair Ridge and nearby communities. The Guide to Real Estate compiles data about what has sold and what is currently listed, and a few compelling facts that you might not be aware of. Also, our Guide features quite a few of the assets of residing in Fair Ridge. Yes, most of this is interesting for purchasers and sellers, but owners and tenants will also find these resources to be somewhat eye-opening.