We are especially serious about fiduciary issues.
As property managers it is our duty to account for every penny of income and each expense. Our staff work diligently to make sure that each rental property owner has the documentation to see exactly where is money is going to and coming from. To accomplish this task 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 states 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 online. The monthly report will describe what monies we are holding on behalf of the real estate 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 report. In January we send to the landlords, 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.
Reserve At Hunters Ridge Property Management Resources
Basics
Elementary information about what rental managment in Reserve At Hunters Ridge.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable renter in Reserve At Hunters Ridge fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management services in Reserve At Hunters Ridge
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
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.
Should you know more about this area?
Our Guide to Real Estate is a helpful tool for anyone who needs to find out more about Reserve At Hunters Ridge and nearby areas. The Guide to Real Estate has information regarding what has sold and what is on the market, and many compelling facts that you may not be aware of. Furthermore, our Guide spotlights many of the fundamentals of residing in Reserve At Hunters Ridge. Yes, all of this is useful for buyers and sellers, but rental investors and tenants may also find these resources to be very eye-opening.