We are very meticulous with fiduciary matters.
As rental managers it is our duty to keep close track on every penny of rent and each expense. Our staff work diligently to ensure that each property owner has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful programs 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 states the rental income as well as any bills which we have paid on the rental investor's behalf. The monthly statement is also available online. The statement will describe what funds we are holding on behalf of the real estate investor.
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. 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 property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Great Forest Rental Management Resources
Basics
Basic info regarding rental managment in Great Forest.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Great Forest fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of property management services in Great Forest
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
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 know more about this area?
Our Guide to Real Estate is a free resource for anyone who hopes to investigate real estate facts about Great Forest and surrounding communities. The Guide to Real Estate compiles information regarding what has sold and what is on the market, and some surprising facts that you may not know. Furthermore, our Guide has many of the aspects of living in Great Forest. As might be expected, most of this is interesting for buyers and sellers, but owners and renters may also find these tools to be very edifying.