We are very meticulous with financial details.
As rental managers it is our duty to account for every penny of income and each expense. Our staff work relentlessly to ensure that each property owner has the documentation to know exactly where is income is going to and coming from. To accomplish this duty 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. Rents 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 expenses which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly report will show what funds 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 organize the monthly reports into a year-end report. In January we mail the rental investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Maywood Terrace Rental Management Resources
Basics
Fundamental info regarding rental managment in Maywood Terrace.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Maywood Terrace fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with property management services in Maywood Terrace
Vetting
How Nesbitt Realty checks the backgrounds of tenants 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.
Should you understand more about our community?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who hopes to investigate real estate facts about Maywood Terrace and surrounding communities. The Guide to Real Estate provides information about what has sold and what is for sale, as well as some shocking facts that you may not be aware of. Not to mention, our Guide spotlights some fundamentals of living in Maywood Terrace. As might be expected, most of this is interesting for purchasers and sellers, but rental investors and tenants should also find this data to be somewhat informative.