We are very conscientious regarding fiduciary matters.
As rental property managers it is our solemn charge to account for every penny of income and each expense. Our staff work diligently to ensure that each rental property owner has the tools and paperwork to know 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.
We usually 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 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 property owner.
There is no additional charge for the reports or the accounting. Also, 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 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.
Rutherford Property Management Resources
Basics
Basic info regarding rental managment in Rutherford.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable renter in Rutherford fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of rental management in Rutherford
Vetting
How Nesbitt Realty checks the backgrounds of renters 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 need understand more about the area?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who hopes to review important real estate information about Rutherford and nearby communities. The Guide to Real Estate includes facts about what has sold and what is for sale, as well as many shocking facts that you may not know. Furthermore, our Guide has quite a few of the fundamentals of living in Rutherford. As a matter of course, all of this is helpful for purchasers and sellers, but owners and tenants might also find this information to be quite informative.