We are very precise about money matters.
As rental managers it is our duty to account for every cent of income and each expense. Our staff work diligently to ensure that every rental property owner has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful programs in the management business: Rent Manager.
It is our practice 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 shows the rent received as well as any bills which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The statement will show what monies we are holding on behalf of the rental property owner.
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 compile the monthly reports into a year-end statement. In January we mail the rental investors, 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.
Clifton Property Management Resources
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Basics
Fundamental info regarding management services in Clifton.
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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 great renter in Clifton 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 Clifton
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Vetting
How Nesbitt Realty vets renters for landlords.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage rental investments?
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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.
Do you want understand more about our community?
Our Guide to Real Estate is a free resource for everyone who hopes to learn more about Clifton and nearby areas. The Guide to Real Estate has facts about what has sold and what is for sale, as well as a couple of surprising facts that you might not be aware of. Also, our Guide highlights many of the aspects of residing in Clifton. Definitely, all of this is interesting for buyers and sellers, but property owners and tenants will likely also find the facts to be somewhat sobering.