We are extremely attentive with money matters.
As property managers it is our solemn charge to reconcile every penny of rent and each expense. Our team work relentlessly to ensure that every rental investor has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in the management business: Rent Manager.
We strive 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 states the rent received as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly statement will show what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Furthermore, 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 statement. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Monticello Woods Rental Management Resources
Basics
Elementary information regarding rental managment in Monticello Woods.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Monticello Woods fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with rental management in Monticello Woods
Vetting
How Nesbitt Realty checks the backgrounds of tenants 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.
Do you want know more about this community?
Our Guide to Real Estate is a helpful resource for anyone who needs to find out more about Monticello Woods and neighboring communities. The Guide to Real Estate has information regarding what has sold and what is on the market, as well as some shocking facts that you might not be aware of. Not to mention, our Guide spotlights many of the fundamentals of residing in Monticello Woods. As a matter of course, all of this is helpful for buyers and sellers, but rental investors and tenants may also find the facts to be very useful.