We are very meticulous with fiduciary matters.
As property managers it is our solemn charge to keep close track on every penny of rent and each expense. Our team work hard to ensure that each rental investor has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful software tools in our profession: Rent Manager.
It is our practice 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 rental income as well as any bills that we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report will describe what monies we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we send to the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Gore Property Management Resources
Basics
Elementary information about what property management in Gore.
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 Gore fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of property management services in Gore
Vetting
How Nesbitt Realty vets tenants for landlords.
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 need know more about this area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who wants to review important real estate information about Gore and surrounding areas. The Guide to Real Estate provides facts regarding what has sold and what is on the market, and a couple of interesting facts that you might not know. Also, our Guide has many of the assets of life in Gore. Definitely, all of this is interesting for purchasers and sellers, but landlords and tenants will likely also find this data to be very eye-opening.