We are extra careful with financial details.
As rental property managers it is our solemn charge to account for every penny of income and each expense. Our team work relentlessly to ensure that each rental property owner has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty 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 rent received as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the rental investor.
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 organize the monthly reports into a year-end statement. In January we send to the rental property owners, 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.
Edinburg Square Property Management Resources
Basics
Basic information about what rental managment in Edinburg Square.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Edinburg Square fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of property management services in Edinburg Square
Vetting
How Nesbitt Realty vets renters for property owners.
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 this area?
Our Guide to Real Estate is a handy resource for everyone who wants to review important real estate information about Edinburg Square and neighboring areas. The Guide to Real Estate compiles facts regarding what has sold and what is currently listed, and some shocking facts that you might not be aware of. Not to mention, our Guide has many of the elements of living in Edinburg Square. Of course, all of this is helpful for purchasers and sellers, but rental investors and renters may also find these tools to be quite informative.