We are extremely attentive with money matters.
As rental managers it is our duty to reconcile every cent of rent and each expense. Our staff work relentlessly to ensure that every 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 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 shows the rent received as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The statement will show what funds 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 pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end statement. In January we send to the property owners, 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.
Lake Montclair Property Management Resources
Basics
Fundamental info regarding rental managment in Lake Montclair.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable tenant in Lake Montclair fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management in Lake Montclair
Vetting
How Nesbitt Realty vets tenants for landlords.
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 know more about this community?
Our Guide to Real Estate is a handy tool for everyone who wants to find out more about Lake Montclair and neighboring communities. The Guide to Real Estate includes information regarding what has sold and what is currently listed, and many compelling facts that you might not know. Also, our Guide has quite a few of the aspects of life in Lake Montclair. As might be expected, all of this is useful for buyers and sellers, but property owners and tenants will also find this data to be very sobering.