We are extremely serious about financial details.
As property managers it is our duty to keep close track on every cent of rent and each expense. Our team work relentlessly to ensure that every property owner has the documentation to see exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs 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 shows the rent received as well as any bills which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will show what monies 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. At the end of the year, we compile the monthly reports into a year-end report. In January we send to the rental property owners, 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.
Tremont Gardens Property Management Resources
Basics
Fundamental information regarding property management in Tremont Gardens.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable tenant in Tremont Gardens fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with rental management in Tremont Gardens
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
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.
Should you understand more about our community?
Our Guide to Real Estate is a handy tool for everyone who wants to learn more about Tremont Gardens and nearby areas. The Guide to Real Estate compiles 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 highlights quite a few of the fundamentals of residing in Tremont Gardens. Yes, most of this is useful for buyers and sellers, but real estate investors and tenants may also find the facts to be somewhat useful.