We are extremely attentive with financial issues.
As rental managers it is our duty to reconcile every penny of rent and each expense. All of us work diligently to ensure 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 employ 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. Funds 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 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 real estate investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end report. In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Serenity Ridge Rental Management Resources
Basics
Elementary information regarding management services in Serenity Ridge.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable tenant in Serenity Ridge fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of property management services in Serenity Ridge
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
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.
Do you want understand more about this community?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who hopes to investigate real estate facts about Serenity Ridge and neighboring areas. The Guide to Real Estate provides information regarding what has sold and what is for sale, as well as a few compelling facts that you may not be aware of. Not to mention, our Guide features many of the elements of living in Serenity Ridge. As might be expected, most of this is helpful for buyers and sellers, but landlords and renters should also find these resources to be very edifying.