We are extremely precise about money details.
As rental managers it is our duty to keep close track on every penny of income and each expense. All of us work diligently to ensure that every landlord has the documentation to understand exactly where is income is going to and coming from. To accomplish this duty we work with 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. Funds 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 real estate investor's behalf. The monthly statement is also available online. The monthly report will describe what monies we are holding on behalf of the rental investor.
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 reports into a year-end statement. In January we mail the real estate 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.
South Arlington Rental Management Resources
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Basics
Fundamental information regarding rental managment in South Arlington.
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Getting Started
Learn more about getting started with rental property management
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Find A Tenant
Market your property to rent to find a reliable tenant in South Arlington fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
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Cost
A list of prices of rental management services in South Arlington
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Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage rentals?
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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 the community?
Our Guide to Real Estate is a free resource for everyone who needs to learn more about South Arlington and surrounding communities. The Guide to Real Estate compiles facts regarding what has sold and what is for sale, and a couple of compelling facts that you may not know. Also, our Guide spotlights many of the benefits of life in South Arlington. Certainly, most of this is useful for purchasers and sellers, but rental investors and tenants will probably also find this data to be somewhat enlightening.