We are extra precise about fiduciary issues.
As property managers it is our duty to account for every cent of income and each expense. All of us work relentlessly to make sure that each property owner 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 states the rent received as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available online. The statement will describe what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never marks up 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 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.
Landings_point_condo Property Management Resources
Basics
Basic information about what rental managment in Landings_point_condo.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable tenant in Landings_point_condo fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of rental management services in Landings_point_condo
Vetting
How Nesbitt Realty vets tenants for our clients.
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.
Should you understand more about our area?
Our Guide to Real Estate is a handy resource for anyone who needs to find out more about Landings_point_condo and surrounding communities. The Guide to Real Estate includes facts regarding what has sold and what is for sale, and a couple of interesting facts that you may not be aware of. Not to mention, our Guide spotlights quite a few of the benefits of residing in Landings_point_condo. As a matter of course, all of this is useful for purchasers and sellers, but landlords and tenants may also find these tools to be quite sobering.