We are extremely meticulous with fiduciary details.
As rental property managers it is our duty to keep close track on every penny of rent and each expense. Our team work relentlessly to make sure that every rental investor has the opportunity to know exactly where is income is going to and coming from. To accomplish this task we use 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 shows the rent received as well as any bills which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly report will show what reserves we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end statement. In January we send to the landlords, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Lake Ridge Rental Management Resources
Basics
Fundamental info regarding property management in Lake Ridge.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Lake Ridge fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of rental management in Lake Ridge
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 want know more about this area?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who wants to find out more about Lake Ridge and nearby communities. The Guide to Real Estate provides facts regarding what has sold and what is currently listed, as well as some interesting facts that you might not know. In addition, our Guide features some elements of residing in Lake Ridge. As might be expected, most of this is interesting for purchasers and sellers, but real estate investors and renters will likely also find the facts to be very useful.