We are especially careful with fiduciary issues.
As property managers it is our duty to account for every penny of rent and each expense. Our staff work relentlessly to ensure that each landlord has the opportunity to understand exactly where is income is going to and coming from. To accomplish this duty we use 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. Rents 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 which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly report will describe what funds we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on 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 property owners, 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.
Monticello Woods Rental Management Resources
Basics
Elementary info about what 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 prices of property management services in Monticello Woods
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental property?
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 the local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who hopes to learn more about Monticello Woods and surrounding areas. The Guide to Real Estate includes information about what has sold and what is on the market, and a few surprising facts that you may not be aware of. In addition, our Guide features quite a few of the fundamentals of life in Monticello Woods. Naturally, all of this is interesting for buyers and sellers, but real estate investors and renters will likely also find these tools to be very enlightening.