We are very precise about money details.
As rental managers it is our solemn charge to reconcile every cent of rent and each expense. Our staff work relentlessly to make sure that every rental property owner has the opportunity to know exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools 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 bills that we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will describe what reserves we are holding on behalf of the rental investor.
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 organize the monthly reports into a year-end report. 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.
Carlyle District Property Management Resources
-
Basics
Fundamental information regarding rental managment in Carlyle District.
-
Getting Started
Learn more about getting started with rental property management
-
Find A Tenant
Market your property to rent to find a dependable tenant in Carlyle District fast.
-
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
-
Cost
A list of fees associated with property management services in Carlyle District
-
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
-
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 the area?
Our Guide to Real Estate is a free tool for anyone who hopes to investigate real estate facts about Carlyle District and nearby areas. The Guide to Real Estate includes information regarding what has sold and what is for sale, as well as a few surprising facts that you might not know. In addition, our Guide features quite a few of the fundamentals of residing in Carlyle District. Of course, all of this is interesting for purchasers and sellers, but landlords and tenants will probably also find these tools to be quite sobering.