We are especially meticulous with financial issues.
As rental property managers it is our duty to reconcile every penny of income and each expense. Our staff work hard to make sure that every landlord has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in our profession: Rent Manager.
It is our practice 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 states the rent received as well as any expenses that we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will describe what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Also, 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 report. In January we send to the real estate investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Ridgefield Crossing Rental Management Resources
Basics
Fundamental info about what management services in Ridgefield Crossing.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable tenant in Ridgefield Crossing fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of fees associated with rental management in Ridgefield Crossing
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 want know more about our community?
Our Guide to Real Estate is a free tool for anyone who hopes to review important real estate information about Ridgefield Crossing and neighboring areas. The Guide to Real Estate includes information about what has sold and what is currently listed, as well as a couple of shocking facts that you might not know. And, our Guide highlights many of the fundamentals of residing in Ridgefield Crossing. Certainly, most of this is helpful for purchasers and sellers, but owners and renters may also find these tools to be quite enlightening.