We are especially careful with fiduciary matters.
As property managers it is our duty to account for every cent of rent and each expense. All of us work hard 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 software tools in the management business: Rent Manager.
We strive 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 states the rent received as well as any bills which we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly statement will describe what monies we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements 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 hand the 1099 to your tax preparer.
North Hill Property Management Resources
Basics
Basic information about what management services in North Hill.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable renter in North Hill fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with property management services in North Hill
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
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 understand more about this area?
Our Guide to Real Estate is a free tool for everyone who hopes to find out more about North Hill and surrounding areas. The Guide to Real Estate includes information about what has sold and what is currently listed, as well as some interesting facts that you might not know. And, our Guide features many of the benefits of life in North Hill. As might be expected, most of this is useful for purchasers and sellers, but owners and renters will also find these tools to be somewhat enlightening.