We are extremely attentive with financial matters.
As rental managers it is our duty to keep close track on every penny of income and each expense. All of us work relentlessly to make sure that every property owner has the opportunity to see 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 the management business: 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 shows the rental income as well as any bills that we have paid on the rental property owner's behalf. The monthly statement is also available online. The statement will show what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end report. In January we mail the rental property owners, 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.
Legato Corner Property Management Resources
Basics
Fundamental info about what rental managment in Legato Corner.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable tenant in Legato Corner fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with rental management services in Legato Corner
Vetting
How Nesbitt Realty vets tenants 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 the local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who needs to find out more about Legato Corner and surrounding areas. The Guide to Real Estate has information about what has sold and what is on the market, as well as a few compelling facts that you may not be aware of. Furthermore, our Guide has quite a few of the aspects of residing in Legato Corner. Of course, most of this is useful for buyers and sellers, but rental investors and tenants will also find this information to be quite eye-opening.