We are extremely conscientious regarding financial issues.
As rental property managers it is our duty to reconcile every penny of rent and each expense. Our team work relentlessly to make sure that each real estate investor has the documentation to understand exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful programs in our profession: 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 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 electronically. The monthly report will describe what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, 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 mail the rental investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Hampton Square Condominiums Property Management Resources
Basics
Basic info about what rental managment in Hampton Square Condominiums.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in Hampton Square Condominiums fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management services in Hampton Square Condominiums
Vetting
How Nesbitt Realty vets 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 our area?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who hopes to find out more about Hampton Square Condominiums and neighboring areas. The Guide to Real Estate provides facts regarding what has sold and what is currently listed, as well as many interesting facts that you may not know. Furthermore, our Guide highlights many of the elements of life in Hampton Square Condominiums. As might be expected, most of this is useful for purchasers and sellers, but real estate investors and tenants may also find this information to be very useful.