We are extra meticulous with fiduciary details.
As property managers it is our duty to keep close track on every cent of rent and each expense. Our staff work diligently to make sure that every rental investor has the tools and paperwork to understand exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: Rent Manager.
We strive 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 rental income as well as any bills that we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will describe what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on 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 statement. In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
West End Property Management Resources
-
Basics
Elementary info regarding rental managment in West End.
-
Getting Started
Learn more about getting started with rental property management
-
Find A Tenant
Market your property to rent to find a great renter in West End fast.
-
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
-
Cost
A list of prices of property management services in West End
-
Vetting
How Nesbitt Realty vets tenants for property owners.
-
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 understand more about this community?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who needs to learn more about West End and surrounding areas. The Guide to Real Estate provides facts about what has sold and what is currently listed, as well as a couple of interesting facts that you might not know. Also, our Guide features many of the benefits of residing in West End. Naturally, most of this is interesting for purchasers and sellers, but property owners and tenants may also find these tools to be somewhat sobering.