We are especially serious about money matters.
As property managers it is our solemn charge to account for every penny of income and each expense. All of us work relentlessly to make sure that each real estate investor has the opportunity to see exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful software tools in our profession: Rent Manager.
We usually 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 real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will show what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Also, 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 report. 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 hand the 1099 to your tax preparer.
Fleetwood At Slate Run Rental Management Resources
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 the area?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who hopes to investigate real estate facts about Fleetwood At Slate Run and surrounding areas. The Guide to Real Estate has information about what has sold and what is currently listed, and a few surprising facts that you might not be aware of. Not to mention, our Guide spotlights many of the elements of living in Fleetwood At Slate Run. Of course, most of this is helpful for purchasers and sellers, but property owners and renters may also find the facts to be somewhat eye-opening.