We are extremely attentive with financial details.
As rental managers it is our solemn charge to keep close track on every cent of income and each expense. All of us work relentlessly to ensure that every rental investor has the documentation to understand exactly where is money is going to and coming from. To accomplish this task 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. Rents 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 that we have paid on the property owner's behalf. The monthly statement is also available online. The monthly statement will describe what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. And, 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 statement. In January we send to the property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Marumsco_Woods_Resub Property Management Resources
Basics
Elementary info regarding management services in Marumsco_Woods_Resub.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Marumsco_Woods_Resub fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management services in Marumsco_Woods_Resub
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
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 this area?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who hopes to find out more about Marumsco_Woods_Resub and nearby communities. The Guide to Real Estate compiles data about what has sold and what is currently listed, as well as a few shocking facts that you might not be aware of. In addition, our Guide highlights quite a few of the benefits of residing in Marumsco_Woods_Resub. Of course, most of this is helpful for purchasers and sellers, but rental investors and renters may also find these resources to be somewhat informative.