We are especially serious about financial matters.
As rental managers it is our solemn charge to reconcile every cent of rent and each expense. All of us work diligently to make sure that every real estate investor has the opportunity to see exactly where is money 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. Rents 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 that we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly statement will describe what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Furthermore, 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 statement. In January we send to the rental investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
St Andrews Square Property Management Resources
Basics
Fundamental info regarding management services in St Andrews Square.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable tenant in St Andrews Square fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of property management services in St Andrews Square
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 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 local real estate market?
Our Guide to Real Estate is a handy tool for everyone who needs to find out more about St Andrews Square and neighboring communities. The Guide to Real Estate has information about what has sold and what is on the market, and a few interesting facts that you may not know. And, our Guide highlights many of the benefits of living in St Andrews Square. Yes, all of this is useful for purchasers and sellers, but real estate investors and tenants should also find this data to be somewhat edifying.