We are especially conscientious regarding money matters.
As rental property managers it is our duty to keep close track on every penny of income and each expense. All of us work diligently to make sure that each real estate investor has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful programs in our profession: Rent Manager.
We usually 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 rental income as well as any bills that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will show what reserves we are holding on behalf of the landlord.
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 compile the monthly reports into a year-end report. 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.
Viewtown Property Management Resources
Basics
Elementary information about what management services in Viewtown.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Viewtown fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of property management services in Viewtown
Vetting
How Nesbitt Realty vets renters for landlords.
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 want understand more about this community?
Our Guide to Real Estate is a helpful resource for anyone who needs to find out more about Viewtown and surrounding communities. The Guide to Real Estate has facts about what has sold and what is currently listed, and many interesting facts that you may not be aware of. And, our Guide features quite a few of the aspects of life in Viewtown. Definitely, most of this is interesting for buyers and sellers, but landlords and tenants will probably also find these tools to be very edifying.