We are extra conscientious regarding financial matters.
As property managers it is our solemn charge to keep close track on every cent of rent and each expense. All of us work diligently to make sure that every property owner has the tools and paperwork to understand exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful programs in the management business: 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 rent received as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end report. In January we send to the rental investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Chester Gap Rental Management Resources
Basics
Elementary info regarding management services in Chester Gap.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Chester Gap fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with property management services in Chester Gap
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
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.
Should you know more about this community?
Our Guide to Real Estate is a handy resource for anyone who hopes to review important real estate information about Chester Gap and neighboring communities. The Guide to Real Estate includes information regarding what has sold and what is for sale, as well as many surprising facts that you may not know. Also, our Guide has many of the aspects of residing in Chester Gap. As might be expected, all of this is useful for purchasers and sellers, but property owners and renters will probably also find these resources to be quite enlightening.