We are extremely precise about fiduciary matters.
As rental managers it is our duty to reconcile every cent of rent and each expense. Our staff work hard to ensure that each real estate investor has the opportunity to understand exactly where is income is going to and coming from. To accomplish this duty 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. Funds 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 expenses which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly statement will describe what reserves we are holding on behalf of the property owner.
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. At the end of the year, we organize the monthly reports into a year-end statement. In January we send to the landlords, 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.
Hunters Ridge Rental Management Resources
Basics
Elementary info about what property management in Hunters Ridge.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Hunters Ridge fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of rental management in Hunters Ridge
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.
Do you need know more about the local real estate market?
Our Guide to Real Estate is a handy resource for everyone who needs to find out more about Hunters Ridge and nearby communities. The Guide to Real Estate compiles data about what has sold and what is on the market, and a few interesting facts that you may not be aware of. Also, our Guide spotlights some assets of residing in Hunters Ridge. Naturally, all of this is interesting for buyers and sellers, but rental investors and tenants may also find the facts to be quite edifying.