We are extremely conscientious regarding fiduciary matters.
As property managers it is our duty to reconcile every penny of rent and each expense. Our staff work relentlessly to ensure that every real estate investor has the documentation to see exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in the management business: Rent Manager.
We always try 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 rent received as well as any bills that we have paid on the rental investor's behalf. The monthly statement is also available online. The statement will show what reserves we are holding on behalf of the rental property owner.
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. Annually, we compile the monthly reports into a year-end report. In January we send to the real estate investors, 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.
Marumsco_Hills Property Management Resources
Basics
Elementary info about what management services in Marumsco_Hills.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable tenant in Marumsco_Hills fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of property management services in Marumsco_Hills
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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 need understand more about our area?
Our Guide to Real Estate is a free tool for everyone who hopes to learn more about Marumsco_Hills and neighboring communities. The Guide to Real Estate has information regarding what has sold and what is for sale, and a few interesting facts that you might not be aware of. In addition, our Guide has many of the fundamentals of residing in Marumsco_Hills. Yes, most of this is useful for purchasers and sellers, but rental investors and renters will likely also find this information to be somewhat edifying.