We are extremely meticulous with money issues.
As property managers it is our solemn charge to reconcile every penny of rent and each expense. Our team work relentlessly to ensure that every rental investor has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful software tools 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 rental income as well as any bills that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly report will show what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report. In January we mail the landlords, 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.
Cedar Crest Estates Property Management Resources
Basics
Fundamental info regarding rental managment in Cedar Crest Estates.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in Cedar Crest Estates fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of rental management services in Cedar Crest Estates
Vetting
How Nesbitt Realty vets tenants 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.
Should you know more about our community?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who needs to learn more about Cedar Crest Estates and neighboring areas. The Guide to Real Estate provides data regarding what has sold and what is for sale, and a couple of surprising facts that you may not know. Not to mention, our Guide highlights many of the assets of life in Cedar Crest Estates. Yes, most of this is interesting for buyers and sellers, but real estate investors and tenants will likely also find these tools to be quite edifying.