We are very precise about fiduciary issues.
As rental managers it is our solemn charge to reconcile every penny of income and each expense. Our staff work relentlessly to make sure that each rental investor has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this task we work with 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 expenses which we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will describe what reserves we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile 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.
Bridgewater Rental Management Resources
Basics
Basic info regarding property management in Bridgewater.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable tenant in Bridgewater fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of property management services in Bridgewater
Vetting
How Nesbitt Realty vets tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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 need know more about the local real estate market?
Our Guide to Real Estate is a free resource for anyone who needs to review important real estate information about Bridgewater and neighboring areas. The Guide to Real Estate includes information regarding what has sold and what is currently listed, and some surprising facts that you may not know. And, our Guide has quite a few of the assets of life in Bridgewater. As a matter of course, most of this is useful for purchasers and sellers, but rental investors and renters will likely also find this information to be somewhat enlightening.