We are very attentive with accounting details.
As property managers it is our duty to account for every penny of income and each expense. Our staff work relentlessly to make sure that every rental property owner has the documentation to know 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. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rent received as well as any bills that we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report will show what monies we are holding on behalf of the landlord.
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. At the end of the year, we compile the monthly reports into a year-end report. In January we mail 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.
Lawnvale Estates Property Management Resources
Basics
Basic information about what rental managment in Lawnvale Estates.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable tenant in Lawnvale Estates fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with property management services in Lawnvale Estates
Vetting
How Nesbitt Realty checks the backgrounds of renters 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 understand more about our local real estate market?
Our Guide to Real Estate is a free tool for everyone who needs to review important real estate information about Lawnvale Estates and neighboring areas. The Guide to Real Estate provides facts about what has sold and what is for sale, and some compelling facts that you may not know. Also, our Guide highlights many of the elements of life in Lawnvale Estates. Definitely, most of this is interesting for purchasers and sellers, but landlords and renters should also find the facts to be somewhat informative.