We are very attentive with fiduciary matters.
As property managers it is our duty to keep close track on every penny of rent and each expense. Our staff work hard to ensure that each landlord has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: 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 bills that we have paid on the rental property owner's behalf. The monthly statement is also available online. The statement will describe what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we mail the rental investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Cardinal Forest Rental Management Resources
Basics
Elementary information about what rental managment in Cardinal Forest.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Cardinal Forest fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of rental management services in Cardinal Forest
Vetting
How Nesbitt Realty vets tenants for property owners.
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 know more about the local real estate market?
Our Guide to Real Estate is a free resource for anyone who hopes to investigate real estate facts about Cardinal Forest and neighboring communities. The Guide to Real Estate provides information regarding what has sold and what is for sale, as well as many surprising facts that you may not be aware of. Not to mention, our Guide features some aspects of residing in Cardinal Forest. Yes, most of this is helpful for purchasers and sellers, but real estate investors and renters should also find this data to be quite edifying.