We are extra serious about financial issues.
As property managers it is our solemn charge to keep close track on every cent of rent and each expense. Our team work relentlessly to ensure that every landlord has the opportunity to see exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful software tools in our profession: 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 bills that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly report will describe what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report. In January we send to the 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.
Cameron Homes Rental Management Resources
Basics
Fundamental information regarding property management in Cameron Homes.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Cameron Homes fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management in Cameron Homes
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
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 understand more about our local real estate market?
Our Guide to Real Estate is a helpful resource for everyone who wants to review important real estate information about Cameron Homes and neighboring communities. The Guide to Real Estate includes data about what has sold and what is on the market, and many shocking facts that you may not know. Furthermore, our Guide has many of the assets of residing in Cameron Homes. Certainly, most of this is helpful for purchasers and sellers, but real estate investors and tenants might also find these tools to be somewhat edifying.